Recently, significant stability has been observed in the foreign exchange (forex) market of Bangladesh.
There is no immediate pressure on the exchange rate of the Taka as the supply and demand of the dollar are in balance, according to the relevant sources.
The forex market is currently in a relatively comfortable state due to the increase in foreign exchange liquidity in the banking sector, a strong trend in remittance flows, and the completion of planned foreign payments.
According to Bangladesh Bank and relevant sources, foreign exchange liquidity in the banking sector increased significantly in early April.
As of April 6, the banking sector had foreign exchange liquidity equivalent to about $3.9 billion, which was about $2.3 billion on February 26.
That is, foreign exchange liquidity has increased by about $1.6 billion in a month.
At the same time, the cash foreign exchange position of the banks also increased slightly.
The cash holdings of banks were $47.6 million on February 26, which stood at $49 million on April 6.
The liquidity of the banks, including their foreign exchange accounts, cash reserves and other sources, is playing a helpful role in smoothly executing import expenditure, foreign loan repayment and other international transactions, said the concerned officials.
Currently, the country's foreign exchange reserves are about $34.35 billion. It is working as an important safety net in terms of international trade and foreign debt repayment.
The reserves are in this position even after the payment of outstanding bills and foreign loan installments in the recent past, which has helped in building confidence in the market.
An important indicator in the market management of Bangladesh Bank is the net open position (NOP) of banks.
Usually, when this position exceeds $600 to $700 million, the central bank buys dollars from the market.
But currently, although the net open position of the banks is about $1 billion, Bangladesh Bank has not purchased any dollars from the market in the last one month.
According to sources, the central bank does not feel the need to buy dollars at the moment to maintain normal liquidity in the market. However, if necessary, there is an opportunity to increase the reserves by buying dollars from the market.
If dollars were purchased in such a situation, the reserves could have reached close to $36 billion.
Strong remittance flow is playing a major role in keeping the forex market stable. In March 2026, the country received $3.775 billion in expatriate income, which is the highest in a single month so far.
The country's import expenditure and foreign debt payments are also running at a regular pace. About $1.37 billion in outstanding bills were paid last month.
In addition, the government has recently completed repayment of about $180 million in foreign debt.
Even after these repayments, the reserves are seen as a positive sign for the forex market, which is above $34 billion.
According to economists, the supply of foreign currency is in a relatively strong position due to the recent control of import costs, increase in export earnings and remittances. As a result, there is no major instability in the dollar market.
Sources concerned say that currently there is a balance between demand and supply in the dollar market.
The increase in foreign currency liquidity in the banking sector, the positive trend of remittance flows and the planned management of foreign payments - all of which maintain confidence and order in the forex market.
As a result, those concerned believe that there is no immediate pressure on the exchange rate of the Taka in the current situation.