The flow of remittances into the country has led to a promising rise in foreign currency reserves. According to the latest data from Bangladesh Bank, as of Thursday (October 9), the country’s gross reserves have increased to nearly $32 billion (specifically $31.94 billion). Under the IMF’s Balance of Payments Manual (BPM6) reporting method, the reserve stands at $27.12 billion. This information was confirmed by Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank.

Earlier, as of Sunday (October 5), the gross reserve was $31.5 billion, while under the IMF’s BPM6 method, it stood at $26.62 billion. Since then, the reserves have increased further.

According to the Bangladesh Bank spokesperson, reserves are increasing due to the rise in remittance inflows and the central bank purchasing US dollars from commercial banks through auctions. Bangladesh Bank’s reserves are now close to $32 billion, and the gross reserves under BPM6 have exceeded $27 billion.

In the first three months of the current fiscal year, Bangladesh Bank has purchased over $2 billion from commercial banks through 14 auctions. Most recently, on Thursday (October 9), $104 million was purchased from 10 banks. At the time, the exchange rate was around Tk 121.80 per dollar, and the auction was conducted under a Multiple Price Auction system.

Remittance inflow is also increasing. From July to October 8 of the current 2025-26 fiscal year, the country received $8.39 billion in remittances. During the same period last year, the amount was $7.33 billion. This represents a 14.4% growth in remittance inflow. In the first 8 days of October alone, $850 million in remittances have been received.