Forex Reserves Cross $35 Billion Mark After 39 Months

Since then, the reserves had been on a steady decline, dropping to $25.92 billion at the time of the previous Awami League government's fall. However, according to the IMF's BPM6 calculation manual, the current usable reserves stand at $30.30 billion.

Data from the central bank reveals that expatriates sent $2.57 billion in remittances in just the first 23 days of this February, marking a 24% increase compared to the same period last year. Taking advantage of this high flow, Bangladesh Bank has purchased $5.47 billion from commercial banks so far this fiscal year to bolster the national exchequer. While the country reached an all-time high of $48 billion in August 2021, subsequent money laundering and economic mismanagement had severely depleted the funds. The recent recovery signifies a positive turnaround for the nation’s macroeconomic stability.