Bangladesh Forex Reserves Climb to $35.12b

Bangladesh’s foreign exchange reserves have climbed to $35.12 billion, offering a measure of relief to an economy that has been under sustained external pressure over the past two years.

According to the latest data released by Bangladesh Bank on Thursday, the country’s gross reserves have continued their gradual upward trend, supported by steady remittance inflows, cautious import management, and ongoing external financing support.

However, under the International Monetary Fund’s Balance of Payments and International Investment Position Manual (BPM-6) accounting framework, Bangladesh’s reserves stand at a lower $30.48 billion. The BPM-6 methodology excludes certain short-term liabilities and encumbered assets, providing what economists describe as a more realistic measure of readily usable reserves.

Officials say the distinction between gross reserves and BPM-6 reserves is important for assessing the country’s true external buffer. While the headline figure reflects total holdings, the BPM-6 estimate indicates the portion that can be deployed quickly to meet import payments and external debt obligations.

The recent rise in reserves comes amid efforts by the central bank to stabilise the foreign exchange market. Measures such as tighter control on non-essential imports, incentives for expatriate remittances, and a more flexible exchange rate regime have contributed to easing pressure on the taka.

Economists note that while the current level of reserves provides short-term comfort, maintaining a stable reserve position will depend on sustained export growth, continued remittance inflows, and disciplined macroeconomic management. Bangladesh’s import bill, particularly for fuel and essential commodities, remains a key factor influencing reserve dynamics.

The central bank has reiterated its commitment to strengthening reserve buffers in line with international standards, as part of broader reforms linked to ongoing financial support programmes with the IMF.

Despite lingering global uncertainties, the latest figures suggest a cautious recovery in Bangladesh’s external sector, with policymakers aiming to build resilience against future shocks while supporting economic growth.