Forex reserves hit $37.47 billion

Bangladesh’s foreign exchange reserves continued their upward trend, rising to $37.47 billion as of Monday (August 24), according to Bangladesh Bank.

The central bank’s Executive Director and spokesperson, Arif Hossain Khan, confirmed the latest reserve figures.

According to the updated data, gross foreign exchange reserves stood at $37,467.18 million, or $37.47 billion. Under the IMF’s BPM6 accounting method, the reserves stood at $32,616.50 million, or $32.62 billion.

On August 20, gross reserves were recorded at $37,348.43 million, while reserves calculated under the BPM6 method stood at $32,532.89 million.

This means gross reserves increased by $118.75 million, while BPM6 reserves rose by $83.61 million in just four days.

Under IMF rules, net or actual foreign exchange reserves are calculated by deducting short-term foreign currency liabilities from gross reserves.