Forex reserves rise to $32.15b

Bangladesh’s gross foreign exchange reserves stand at $32.15 billion under the International Monetary Fund’s BPM6 methodology as of 10 August, according to the latest Bangladesh Bank data.

The BPM6 figure provides a more internationally comparable measure of a country’s usable foreign exchange reserves.

The latest figure comes a day after Bangladesh Bank reports that the country’s gross reserves cross the $32 billion mark.

The increase in reserves comes as Bangladesh continues its efforts to strengthen its external position and bring greater stability to the foreign exchange market.

The latest reserve figure also reflects the central bank’s ongoing efforts to manage the country’s foreign currency position amid pressure on the external sector.

Bangladesh Bank has been closely monitoring the foreign exchange market as it works to maintain stability and improve the country’s reserve position.

A stronger reserve position provides greater support for meeting the country’s external payment needs and helps strengthen confidence in the foreign exchange market.

The latest development also comes at a time when maintaining adequate foreign exchange reserves remains important for Bangladesh’s overall economic stability.

The central bank continues to focus on strengthening reserves and ensuring greater stability in the country’s external sector.