DHAKA, April 7, 2026 (BSS) - Bangladesh Bank (BB) has categorically dismissed speculation regarding an imminent devaluation of the Taka, asserting that the national foreign exchange market remains robustly stable. There is no immediate pressure for currency adjustment, citing a significant expansion in banking sector liquidity and a historic surge in remittance inflows that continue to bolster the country's external position, said a BB press release issued today. Through the press release, the central bank mentioned that the foreign exchange liquidity within the banking system has witnessed a sharp appreciation, driven primarily by the record-breaking momentum of expatriate income. As of April 6, 2026, surplus liquidity in the banking sector reached $3.9 billion, a substantial increase from the $2.3 billion recorded on February 26, 2026. This represents a liquidity injection of $1.6 billion within a single month. The cash foreign currency holdings increased from $47.6 million on February26, 2026, to $49 million by April 6, 2026, reflecting a trend of financial stability Bangladesh Bank noted that the integration of foreign exchange accounts, cash holdings, and other diverse sources has created a comprehensive pool of funds. This integrated pool is effectively facilitating the seamless settlement of daily import costs and various external obligations, ensuring that forex market volatility remains contained. As of April 6, 2026, Bangladesh's gross foreign exchange reserves stood at $34.35 billion, providing a formidable security buffer for international trade. In a notable display of market confidence, the central bank has exercised significant restraint regarding market intervention. Currently, the Net Open Position (NOP) of commercial banks is approximately 1 billion. Under standard operating procedures, Bangladesh Bank typically intervenes by purchasing dollars when the NOP exceeds the $600-$700 million threshold to stabilize the market. However, despite the NOP surpassing this limit, the central bank has refrained from purchasing dollars over the last month to allow for natural market liquidity. Officials emphasized that had they chosen to intervene and purchase dollars, the national reserves would have approached the $36 billion mark. A primary catalyst for the current market equilibrium is the extraordinary trend in remittance earnings. In March 2026, the country recorded its highest-ever single-month remittance inflow of $3.775 billion. This upward trajectory has persisted into the current month. During the first six days of April (April 1-6), the country received $660 million in remittances, marking a 20.5% increase compared to the same period in the previous year. This consistent inflow has significantly enhanced the supply side of the foreign exchange market, further stabilizing the exchange rate. The central bank highlighted its successful fulfillment of major international financial commitments, demonstrating the economy's underlying resilience. Key settlements include $1.37 billion in Asian Clearing Union (ACU) bills and approximately $180 million in government foreign debt payments. The fact that the national reserve remains at a stable $34.35 billion even after these significant outflows indicates a healthy balance between foreign currency supply and demand. Bangladesh Bank stated that the dollar market is governed by a transparent, market-based system where supply and demand are currently in a state of equilibrium. The central bank summarized the market's health through three key pillars -a balanced and self-sustaining supply-demand dynamic, robust and consistent remittance growth and firmly established market confidence and institutional discipline. Addressing recent media reports suggesting a potential Taka devaluation, the central bank characterized such speculation as not expedient and entirely inappropriate given the prevailing economic data. Officials reaffirmed that with the current stability of the exchange rate and the strength of the forex pool, there is no justification for devaluation, and the market remains under disciplined supervision.