Home
+
Published : 30 Jun 2026, 12:30 AM
Bangladesh's foreign currency reserves have climbed above $32 billion, extending a steady recovery driven by robust remittance inflows.
At the close of business on Monday, reserves stood at $32.47 billion under the IMF's BPM6 accounting method, Bangladesh Bank Executive Director Arief Hossain Khan said.
On a gross basis, reserves rose to $37.05 billion.
Bangladesh Bank Director and Assistant Spokesperson Mohammad Shahriar Siddiqui told bdnews24.com, “$667.1 million in loans and grants from the International Development Association (IDA) has been added.”
The IDA is a member of the World Bank Group.
Earlier, on Jun 14, reserves crossed the $31 billion mark after Bangladesh received $1 billion in budget support from the Asian Development Bank.
At the end of that day, BPM6 reserves stood at $31.07 billion, while gross reserves reached $35.62 billion.
The steady rise has been driven by strong remittance inflows and Bangladesh Bank's purchases of US dollars from commercial banks.
Remittances reached $3.43 billion in May, up 15.34 percent from a year earlier.
During the first 13 days of June, expatriates sent home $1.36 billion, taking total remittances in FY2025-26 above $24 billion with 17 days still remaining in the fiscal year.
The central bank has also bought $101 million from banks through auctions in June, bringing total purchases in the outgoing fiscal year to $6.42 billion.
According to Bangladesh Bank, gross reserves crossed $35 billion in late February for the first time in 39 months, having fallen below that level in early November 2022.
They moved above $35.14 billion again in early May, when BPM6 reserves stood at $29.47 billion.
Monday's figure marks the first time in nearly 43 months that gross reserves have exceeded $37 billion.
Bangladesh Bank publishes reserve data under both the gross method and the IMF's BPM6 standard, which excludes liabilities and short-term obligations to show usable reserves.
Foreign exchange reserves are a key indicator of economic strength.
They had fallen to around $20 billion before the mass uprising that toppled the Sheikh Hasina government in 2024, raising concerns over the economy.
The new government led by Tarique Rahman has begun its tenure with reserves at a considerably stronger level.
While export earnings have weakened, robust remittance inflows continue to support reserves, which typically decline after Bangladesh settles ACU import payment obligations.
