The year 1994 was the 23rd year after the independence of Bangladesh. It was the fourth year of the first term of the government of Khaleda Zia. The year was characterized by the continuous boycott of parliament by the opposition parties over the demand of a neutral Caretaker Government to oversee future elections.
A cyclone with a velocity of per hour struck the coastal area of Cox's Bazar on 2 May causing extensive damage to the districts of Cox's Bazar and Bandarban. As a result of the early warning and subsequent evacuation of about 450,000 people, the loss of life was minimal. According to official estimates 133 (including 84 refugees) died and 3,559 were injured.
Note: For the year 1994 average official exchange rate for BDT was 40.21 per US$.