Bangladesh's National Reserves Exceed $27 Billion

Bangladesh's foreign exchange reserves have increased significantly due to the disbursement of funds from the International Monetary Fund (IMF) and a record inflow of remittances.

The country's total gross reserves now stand at $27.30 billion. However, according to the BPM6 manual, the reserve is approximately $22.24 billion.

Bangladesh Bank spokesperson and executive director Arif Hossain Khan confirmed this information to the media on Tuesday (June 24).

Previously, as of Monday (June 23), Bangladesh Bank's latest data showed the country's total (gross) reserves were $26.82 billion. However, according to the IMF-guided accounting method (BPM6), the reserve at that time was $21.75 billion.

Even earlier, as of May 27, the country's total (gross) reserves were approximately $25.80 billion. According to BPM6, the reserve at that time was $20.56 billion.

It's worth noting that a country typically needs to maintain a minimum of three months' worth of import expenses in reserves. Bangladesh is currently at the lower end of this standard. Foreign exchange reserves are one of the key indicators of a country's economy.