DHAKA, July 13, 2025 (BSS) - Within just eleven months of the interim government, Bangladeshi Taka has become stronger against dollar due to strong inflow of remittances and expected level of export earnings.  

According to the Bangladesh Bank (BB) data, the US dollar has depreciated against the Bangladeshi Taka over the past 10 days.

Most banks were seen today exchanging dollars at Tk 120.30-Tk 121.20, a notable drop from the Tk 122.80-Tk 122.90 rates offered at the start of last week. 

According to the BB’s latest data, expatriate Bangladeshis sent a record US$30.33 billion in remittances in FY25, marking the highest amount ever received in a single fiscal year in the country's history. 

This figure reflects a 26.80 percent increase compared to the $23.91 billion received in the previous fiscal year (FY24).

In continuation of this remittance inflow, expatriate Bangladeshis sent around $1071 million remittances during the first twelve days of July in the fiscal 2025-26.

This amount reflects a daily average remittance of $89.25 million sent by expatriates during the period. During the same period last year, the country's remittance inflow was $948 million 

The country's export earnings, during the last fiscal year 2024-25, witnessed an 8.58 percent growth raising the total volume to $48.28 billion, which indicated that the country was now going well through an economic recovery phase that was also helping stronger Taka against US dollar.

Talking to BSS, a senior official of the central bank said despite the BB's move to introduce market-based exchange rates, the US dollar has continued its downward trend and Bangladeshi Taka has become stronger.

"Almost eleven months ago, the interim government came to power, promising to bring changes across the board. A number of policy measures have been taken to reform the national economy, organizations, administration, and thus establishing a strong system of fostering public spirit," he added.

He said the dollar exchange rate has depreciated to around Tk 120 which is also a positive aspect.

"The main reason for the decline in the dollar price is the increase in supply. The supply of dollars is now at its best over the last two years," he noted.

The Bangladesh Bank official said several factors contributed to the sudden surge of remittances in Bangladesh.

"While the government took a range of initiatives to tackle price manipulation under the capital market, defying the norm, surging exports reaching a staggering amount of $48 billion which has also contributed to this rise," he mentioned.

Deputy Managing Director (DMD) of the Premier Bank PLC Abdul Quaium Chowdhury said since August, 2024, remittances have consistently increased, providing the interim government a respite on exchange rate.

This has evolved as a critical economic relief for a nation that is currently suffering from macroeconomic strains, he added.