Bangladesh’s Forex reserves rise to $35.80 billion

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Bangladesh’s Forex reserves rise to $35.80 billion

B Mirror Report: Bangladesh’s foreign exchange reserves have reached US$35.80 billion, according to the latest figures released by the Bangladesh Bank (BB) on Wednesday.

The central bank said that, based on the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM-6) methodology, the country’s usable foreign exchange reserves stood at US$31.24 billion.

Bangladesh Bank officials said the current reserve level reflects the country’s resilience in the external sector despite continuing uncertainties in the global economy.

Foreign exchange reserves are closely monitored as a key indicator of a country’s ability to meet import payments, service external debt obligations, and maintain overall economic stability. The latest reserve position highlights Bangladesh’s efforts to strengthen its external financial position amid challenging international economic conditions

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