Forex Reserves at $31.43b

As per the latest data revealed by the central bank.Bangladesh’s foreign exchange reserves stood at $31.43 billion, according to the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), the country’s usable reserves are calculated at a lower level of $26.45 billion.

The contrast build up due to the IMF excludes certain components such as the Export Development Fund (EDF) loans and other non-liquid assets from the reserve calculation.

Economists added that while the headline figure indicates stability, the IMF-compliant reserve level highlights the need for cautious fiscal and monetary management. They explained that surging export earnings and sustaining remittance inflows will be vital to strengthening the reserve position in the coming months.

Bangladesh Bank officials stated that the central bank is closely monitoring foreign exchange inflows and outflows to maintain stability in the market.