The country's foreign exchange reserves have once again crossed the $37 billion-mark.
According to the latest data from Bangladesh Bank, as of August 13, the country's total (gross) foreign exchange reserve stands at $37.11332 billion.
According to Bangladesh Bank data, under the International Monetary Fund's (IMF) BPM6 accounting method, the reserve amount stands at $32.90922 billion.
In short, the gross foreign exchange reserve stands at $37.11 billion, while under the BPM6 calculation, it is $32.31 billion.
Mohammad Ibrahim Munshi, joint director of the Financial Accounts and Reserve Management Statistics (FARS) division of Bangladesh Bank, confirmed this information on Thursday (August 13).
This reserve position is considered a vital indicator of the country's foreign transactions and its ability to meet import obligations.
The latest figures reflect recent shifts in foreign exchange reserves, which have been heavily influenced by remittance inflows and export earnings.
However, the BPM6 calculation is given greater weight when measuring actual spending power.
This IMF-guided method accounts for usable and actual net foreign assets. For this reason, Bangladesh Bank regularly publishes reserves under the BPM6 standard alongside gross reserves.
Bangladesh's foreign exchange reserves had been under pressure for several years.
Due to rising import costs, a dollar shortage, and foreign transaction deficits, the reserves at one point dropped below $20 billion.
Subsequently, with gains in remittance and export receipts alongside stabilizing foreign exchange markets, the reserve gradually began to climb.
According to the latest data, that momentum has pushed gross reserves back above $37 billion and BPM6 reserves above $32 billion.
