Remittance Growth Reaches $2.148 Billion, Strengthening Reserves and LC Liquidity
A deep dive into Bangladesh’s August remittance receipts, detailing a 25.6 percent year-on-year growth and its stabilizing effect on central bank foreign exchange reserves.
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Bangladesh Pitches a Taka-Rufiyaa Swap to Untangle Remittances From the Maldives
Bangladesh Bank has proposed a currency cooperation plan to the Maldives Monetary Authority aimed at making it easier for more than 100,000 Bangladeshi workers in the Maldives to send money home. The move comes after formal remittances from the Maldives fell about 16.4% in FY2025-26 to roughly $118 million, even as the Bangladeshi workforce there has stayed above 100,000. The plan floats rufiyaa settlement through the Asian Clearing Union, taka denominated travel cards, and a possible bilateral currency swap, though all three still need regulatory approval from both sides.
Bangladesh Bank Raises Cash Dollar Limit for Travelers to $3,000 Per Transaction
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A Stronger Taka Is Quietly Undercutting Bangladesh's Export Edge, Just as Shipments Hit a Record
Bangladesh's taka strengthened against the dollar in both July and August even as domestic inflation ran near 9 percent, pushing Bangladesh Bank's Real Effective Exchange Rate index up to 105.37, a level that signals the currency is now overvalued against its trading partners. An unnamed Bangladesh Bank official has said the central bank should consider letting the taka depreciate, warning that export earnings could suffer if it stays this strong. The timing is awkward: the warning lands just as Bangladesh's exports climbed 6.3 percent to 13.1 billion dollars in the first quarter of FY27, raising the question of how much of that recovery a persistently overvalued currency can allow to continue.