Foreign reserves rise to $37.66b

Bangladesh’s gross foreign exchange reserves have reached US$37.66 billion, according to the latest data released by the Bangladesh Bank (BB) on Thursday(2 July).

The central bank said that, under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6) methodology, the country’s net international reserves stood at US$33.01 billion.

The reserve figures reflect Bangladesh’s continued efforts to maintain external sector stability amid persistent global economic challenges and volatility in international markets.

According to Bangladesh Bank officials, the country’s reserve position has remained resilient due to prudent macroeconomic management, sustained inflows of remittances, export earnings and ongoing measures aimed at strengthening foreign exchange management.

The gross reserve figure represents the total foreign exchange assets held by the central bank, while the BPM6-compliant reserve calculation follows internationally accepted accounting standards prescribed by the IMF and excludes certain assets that are not readily available for balance of payments financing.

Economists and policymakers closely monitor foreign exchange reserves as a key indicator of a country’s ability to meet its external obligations, stabilize its currency market and withstand global economic shocks.

The latest reserve position comes as Bangladesh continues its efforts to bolster macroeconomic stability and enhance confidence in the country’s external sector amid an evolving global economic environment.