Bangladesh Taka Falls to Record Low

The Bangladesh taka fell past 123 per dollar, hitting a record low in early April as the central bank allowed a gradual, managed depreciation to cope with rising global energy prices.

Still, the Bangladesh Bank said the market is stable and there is no risk of a sudden drop, with supply and demand balanced and confidence intact.

The comments highlight policymakers’ efforts to reassure investors amid persistent currency weakness and reserve concerns.

Foreign currency liquidity rose to $3.9 billion in early April from $2.3 billion in February, while reserves are $34.35 billion.

Remittance inflows hit a record $3.8 billion in March, with early April inflows 21% higher than last year.

Import payments and debt repayments are proceeding normally, and the bank has avoided market intervention despite higher net open positions, helping the economy adjust to global shocks.