The exchange rate for remittance dollars in Bangladesh has started to fall. This shift follows a drop in demand from local banks and a rise in export growth, bringing encouraging signs for economic stability. According to the Business Standard, banks recently paid about Tk 122.70–122.80 per US dollar to buy remittance funds. This is a decrease of around Tk 0.50–0.70 compared to mid-May figures . Traders and economists say two main factors are driving this shift: easier dollar liquidity among banks and strong export inflows. During May, banks needed more dollars to support overdue import payments. However, as import activity has slowed and the export sector has done well, banks now have excess foreign currency. This eased demand has allowed dollar prices to drop. At the same time, Bangladeshi exports especially in ready-made garments, leather, and jute products have seen healthy growth. Exporters are bringing in more dollars, adding to the supply in the financial system . This improved flow shows a good sign for the country’s balance of payments. A business source noted: “Dollar value declined by over 0.50% in two weeks.” This drop reflects easing pressure on exchange rates and foreign reserves. This trend benefits both remittance senders and recipients. Families getting money from abroad receive more taka when exchanging at lower rates. Likewise, importers face slightly lower costs, easing pressure on business operations. Economists say this development points to a shift toward better macroeconomic balance. With more dollars entering through exports and less pressure on imports, the taka is stabilizing. This helps control inflation and supports foreign reserve trends . Still, experts caution that this stability relies on sustained export performance and steady remittance inflows. Any flare-up in global prices, import demand, or disruptions in export sectors could reverse the trend. As they look forward, officials are keeping a close eye on the situation. Bangladesh Bank is observing dollar demand trends and may adjust policies to maintain stability. Meanwhile, exporters and remittance recipients are enjoying modest benefits from the lower exchange rates. In general, the decrease in the exchange rate of remittance dollars shows that Bangladesh’s financial situation is improving. It follows good export performance and lighter import demand signs that the country’s economy is moving in a healthier, more balanced direction.
