Bangladesh’s foreign exchange reserves have surpassed the $32 billion mark, reaching the highest level in over two and a half years, the central bank reported on Wednesday.
Bangladesh Bank’s Executive Director and Spokesperson Arief Hossain said the country’s total gross reserves now stand at $32.10 billion. Calculated under the IMF’s Balance of Payments and International Investment Position Manual (BPM6), the reserves amount to $27.35 billion. The last time reserves reached this level was in January 2023, when they stood at $32.22 billion.
Earlier, on October 9, the central bank reported gross reserves of $31.93 billion, with BPM6-based reserves at $27.12 billion.
Remittance inflows have also shown significant growth. During the first 21 days of October, Bangladesh received $1.85 billion in remittances, up 8.1% from $1.71 billion in the same period last year. From July to October 21 of the current fiscal year, total remittances reached $9.43 billion, a 14.3% increase compared to $8.25 billion during the same period of the previous fiscal year.
