Forex reserves projected to reach $34 billion in FY26
This marks a significant increase from the current reserve level of $26.7 billion
The finance ministry projects Bangladesh's foreign exchange reserves to climb to $34 billion in the upcoming fiscal year.
This marks a significant increase from the current reserve level of $26.7 billion.
The projection comes despite the fact that the current fiscal year's target of $31.8 billion in reserves was not met, even with a decline in import growth. At the end of the last fiscal year, reserves stood at $26.9 billion.
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According to the finance ministry's Medium Term Macroeconomic Policy Statement, the optimistic outlook for FY26 is based on an anticipated 10% growth in exports, an 8% rise in imports, and an 8% increase in remittance inflows.
The ministry noted that the Bangladeshi Taka depreciated by 3.28% against the USD between July and March of FY25. However, with recent signs of exchange rate stability and an improvement in foreign exchange reserves, Bangladesh Bank officially shifted from a crawling pegged to a market-based regime on 14 May 2025.
These policy adjustments are designed to allow market forces to dictate the exchange rate, thereby strengthening the external sector's flexibility and resilience.
According to the ministry, the reform is expected to bolster foreign exchange management, attract foreign investment, enhance export competitiveness, and encourage remittances through official channels.
