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Bangladesh’s gross foreign exchange (forex) reserves have climbed to US$36.66 billion, according to the latest data released by the Bangladesh Bank (BB) on Thursday, reflecting a continued improvement in the country’s external sector.
The central bank said the country’s gross foreign exchange reserves stood at US$36.66 billion, while reserves calculated under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6) methodology reached US$31.97 billion.
The measure is regarded as the internationally accepted standard for reporting reserve assets, as it excludes funds that are not readily available for meeting balance-of-payments financing needs, such as certain earmarked or committed assets.
Bangladesh Bank has been publishing both the gross reserve figure and the BPM6-compliant reserve data since adopting the IMF’s reporting framework to improve transparency and align its reserve reporting with international best practices.
The latest increase in reserves comes amid a steady inflow of remittances and export earnings, along with various policy measures taken by the central bank and the government to strengthen the country’s external sector.
Higher foreign exchange reserves enhance Bangladesh’s capacity to finance imports, meet external debt obligations, support exchange rate stability and cushion the economy against external shocks. Adequate reserves also help boost investor confidence and improve the country’s ability to respond to volatility in global financial markets.
The Bangladesh Bank is expected to continue closely monitoring foreign exchange inflows and market conditions to maintain reserve adequacy while ensuring stability in the country’s external sector.