Bangladeshâs foreign exchange reserves have once again surpassed the $31 billion mark, fueled by strong inflows of remittances, growth in export earnings, and loan support from various international organizations.
According to Bangladesh Bank, as of Wednesday (27 August), the countryâs gross reserves stood at $31.33 billion, while under the IMFâs BPM-6 calculation method, reserves amounted to $26.31 billion.
Earlier, in early July, after settling $2.02 billion with the Asian Clearing Union (ACU), gross reserves had dropped to $29.53 billion, and BPM-6 reserves fell to $24.56 billion. Since then, reserves have been steadily recovering.
As of 24 August, gross reserves were recorded at $30.86 billion and BPM-6 reserves at $25.87 billion.
Sources from Bangladesh Bank revealed that the countryâs usable reserves now exceed $20 billion, which can cover more than three months of imports, assuming a monthly average import cost of $5.5 billion.
Notably, global standards suggest that a country must maintain reserves equivalent to at least three months of import expenses.
