The Taka has strengthened against the US dollar after five and a half years of depreciation, supported by higher remittance inflows, improved dollar liquidity and rising foreign exchange reserves.
According to Bangladesh Bank data, the local currency appreciated by 0.06 per cent year-on-year between June 2025 and June 2026. It strengthened further by 0.77 per cent between 30 August and 17 September 2026, as the dollar rate fell from Tk123.95 to Tk123.
The dollar rate had risen from Tk85.80 in 2021 to Tk123.95 in August 2026 before the trend reversed in the second half of the current year.
NRBC Bank Chairman Md Ali Hossain Prodhania said stronger remittances and higher reserves would support stability in the country’s external sector by increasing foreign currency supply through formal channels.
He said a stronger Taka would reduce import costs for fuel, food, industrial raw materials and machinery, while helping ease inflationary pressure and improve confidence among foreign investors and businesses.
Bangladesh Bank spokesperson and Executive Director Arief Hossain Khan said the improvement in the external position reflected stronger remittance inflows, improved foreign exchange liquidity and closer monitoring of foreign exchange transactions.
He said the central bank’s purchase of foreign currency from banks when liquidity improved helped rebuild reserves after the earlier period of foreign exchange pressure.
Bangladesh received $7.702 billion in workers’ remittances during 1 July-19 September of FY2026-27, up 13.8 per cent year-on-year.
Bangladesh Bank data showed gross reserves stood at $36.44 billion on 8 September 2026, up 46.6 per cent from $24.86 billion in September 2024. BPM6 reserves increased 58.8 per cent to $31.53 billion during the same period.
