Foreign exchange reserves climb to $31.31 billion
Reserves calculated under the IMF's BPM6 accounting method have also increased to $26.33 billion.
Bangladesh’s gross foreign exchange reserves have surged to $31.31 billion—the highest in 28 months—according to data released by Bangladesh Bank on Sunday.
The last time reserves approached this level was on 15 March 2023, when they briefly reached $31.29 billion.
Alongside the rise in gross reserves, foreign exchange reserves calculated under the IMF’s BPM6 accounting framework have also increased, reaching $26.33 billion—the highest since the central bank began publishing BPM6-compliant figures in June 2023.
Back in June 2023, BPM6-based reserves stood at $24.75 billion, while gross reserves were $31.20 billion. Bangladesh had earlier achieved a record high of over $48 billion in reserves in August 2021.
However, reserves declined steadily from that peak, falling to $20.48 billion by the end of July 2023—just before the fall of the Awami League government. Since then, reserves have been gradually recovering.
Economists credit the recent rebound to tighter controls on money laundering, which have contributed to a surge in remittance inflows—crossing the $30 billion mark for the first time with two days still left in the current fiscal year.
Additionally, Bangladesh has received approximately $5 billion in loans from development partners such as the International Monetary Fund (IMF), World Bank, and Asian Development Bank (ADB), further bolstering its reserves.
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