Dhaka, April 28 -- Bangladesh's currency, the Taka, has strengthened against the US dollar, bolstered by recent growth in remittances and exports.

The exchange rate of the US dollar is falling against the taka due to a reduced pressure on paying import bills.

Government plans major redesign of Taka notes, removing Sheikh Mujibur Rahman's image

Bankers believe the price may continue to decline in the coming days.

On Thursday, banks were paying between Tk 122.50 and Tk 122.60 to exchange remittance. In contrast, just in the second week of this month, banks were paying between Tk 123 and Tk 123.20 for the same, reflecting a decrease of Tk 0.50 to Tk 0.70 in the dollar's price within two weeks.

Bank officials predict a further decline in...