Bangladesh’s foreign exchange reserves surpass $20bn mark again
Bangladesh's foreign exchange reserves have surpassed $20 billion once again, as indicated by Bangladesh Bank data. This increase is attributed to higher export earnings and inflow of remittances during Eid-ul-Fitr, as reported by local news portals.
According to calculations based on the IMF's BPM6, the foreign exchange reserves stood at $20.11 billion as of April 8, up from $19.45 billion on March 27. The gross reserves amounted to $25.39 billion on April 8 and $24.81 billion on March 27.
However, they were notably higher at $31.20 billion during the same period of 2023. Recent media reports highlighted a rise in the gross forex reserves to $26.17 billion on March 5, up from $25.16 billion on February 19, with the central bank acquiring around $1.0 billion from commercial banks in just seven days of currency-swap deals.
Following IMF's BPM6, the gross reserves increased to $20.98 billion by March 5 from $19.97 billion on February 19.
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