Bangladesh's forex reserves reach $34.06bn
Bangladesh’s foreign exchange reserves have risen to 34.06 billion US dollars, according to the latest data released by Bangladesh Bank on Monday. The figure reflects the country’s total reserves calculated under the central bank’s traditional accounting method.
However, when measured under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM6) methodology, which follows a more standardised global framework, the country’s usable reserves stand at 29.48 billion dollars.
The difference between the two figures stems from variations in accounting standards, with the IMF method excluding certain funds that are not readily available for immediate use. The updated reserve data comes at a time when Bangladesh continues efforts to stabilise its external sector and maintain sufficient foreign currency buffers to support imports and manage exchange rate pressures.
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