BB expects to rebuild reserve to $30b in one year by buying dollars to hold rate to support exporters and remitters
19 July, 2025, 07:10 am
Last modified: 19 July, 2025, 04:26 pm
Infograph: TBS
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Infograph: TBS
Highlights:
- Bangladesh Bank now buying dollars to prevent taka appreciation
- Dollar oversupply due to weak private sector demand, low imports
- Forex reserves target: $30B this year, $40B next year
- Exporters, remitters losing out due to central bank delays
- Cash dollar rate remains high despite interbank rate drop
- Banks sell dollars for taka due to liquidity shortage
Just a year after grappling with a severe US dollar shortage, Bangladesh’s foreign exchange market is now awash with the greenback.
This dramatic reversal has prompted the Bangladesh Bank to…
