B Mirror Desk: The total foreign exchange reserves of Bangladesh Bank have exceeded $26 billion. The reserves have increased to $26.39 billion or $26.39 billion. According to the International Monetary Fund (IMF) accounting system BPM-6, the reserves have increased to $21.11 billion or $21.11 billion.

This information was given by Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan yesterday, Sunday.

According to Bangladesh Bank, the country’s foreign exchange reserves were $26.14 billion as of April 10. At that time, the reserves were $20.90 billion according to BPM-6.

Income sent by expatriates has increased compared to any previous time. In March, expatriate income of $3.29 billion was received; this is more than any time in a month. As a result, banks are selling surplus dollars to Bangladesh Bank. When banks buy dollars and receive foreign loans and grants, only the reserves increase. This increases foreign exchange reserves.

The increase in reserves has reduced the pressure on foreign transactions. The price of the dollar has not increased and is stuck within 123 taka. In addition, many banks are now able to open credit cards according to customer demand. As a result, the supply and prices of goods in the market are normal.

Concerns about the dollar began after the Russia-Ukraine war in 2022. The dollar rose from 85 taka to 128 taka. After the change of government, expatriate income has increased due to various initiatives. In addition, the price of the dollar is not increasing. This has brought a lot of relief to the foreign exchange market. Many banks have returned to the situation before 2022.

On July 31, 2024, the total reserves in the last week of the Awami League government were 25.92 billion dollars. At that time, the reserves were 20.48 billion dollars according to BPM-6 .