DHAKA, July 13 (Xinhua) -- Bangladeshi taka has become stronger against U.S. dollar due to strong inflow of remittances and expected higher export earnings.

According to the Bangladesh Bank (BB) data, the dollar has depreciated against the Bangladeshi taka over the past 10 days.

Most banks were seen Sunday exchanging dollars at 120.30 taka- 121.20 taka, a drop from the 122.80 taka-122.90 taka rates offered at the start of last week, the national news agency Bangladesh Sangbad Sangstha (BSS) reported.

Bangladesh remittances hit an all-time high of over 30 billion dollars in the fiscal year 2024-25 from July 2024 to June 2025.

During the fiscal year 2024-25, export earnings increased 8.58 percent to reach 48.28 billion dollars, also helping stronger taka against the dollar.

A senior official of the central bank said that despite the BB's move to introduce market-based exchange rates, the dollar has continued its downward trend and Bangladeshi taka has become stronger. ■