Reserves raise again to $30 billion

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Reserves raise again to $30 billion

The foreign exchange reserves of the country have once again surpassed $30 billion, as stated by Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank.

Based on the latest figures released by the central bank on Thursday (July 24), the foreign exchange reserves are reported to be $34.5 million or $30 billion.

Arif Hossain Khan mentioned that in accordance with the international standard Balance of Payments and International Investment Position Manual (BPM-6), the reserves amount to $24,988,240,000, which is approximately $25 billion. Furthermore, according to the calculations of Bangladesh Bank, the country’s reserves have once again exceeded $30 billion.

Previously, as of July 3 of this year, the total reserves in the country were recorded at $31.57 billion, while according to BPM-6, it was $26.51 billion. At that time, the usable reserves were over $20 billion.

However, in early July, Bangladesh Bank disbursed $2.02 billion to members of the Asian Clearing Union (ACU). By the end of July 16, the reserves had decreased to $29.53 billion. According to BPM-6, the reserves at that point were $24.46 billion.

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