Bangladesh's Reserves are now $26.15 Billion

Bangladesh's foreign exchange reserves have stood at $26.15 billion. But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh's foreign exchange reserves stood at $20.86 billion, said a Bangladesh Bank press release issued on this week.

Foreign exchange reserves are assets that are denominated in a foreign currency held by a central bank. These reserves are used to back liabilities and influence monetary policy.

Foreign exchange reserves can include banknotes, deposits, bonds, treasury bills, and other government securities. These assets serve many purposes but are most significantly held to ensure that a central government agency has backup funds if their national currency rapidly devalues or becomes entirely insolvent.