There has been some relief in the country's foreign exchange reserves during the month of Ramadan.
On Tuesday (March 3), Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan said that the country's total gross reserves have increased to $35.32 billion.
According to the International Monetary Fund's (IMF) BPM-6 calculation method, the country's reserves are now $30.58 billion.
Earlier, as of February 25, the gross reserves were $35.31 billion and according to BPM-6, it was $30.28 billion.
The highest foreign exchange record in the history of Bangladesh was in August 2021, when the reserves crossed $48 billion.
At that time, the exchange rate per dollar in the interbank market was Tk84.20. Then, on August 5, 2024, when the Awami League government fell, the reserves fell to $25.92 billion ($20.48 billion in IMF terms) and the market value of the dollar rose to more than Tk120.
The interim government then began to rebuild foreign reserves by adopting international trade liberalization policies, gradually lifting import restrictions, and encouraging expatriate income.
The consistent impact of these policies led to an increase in dollar inflows into the country, resulting in an increase in reserves.