NN Online:
Bangladesh’s foreign currency reserves surpassed the $25.6 billion mark at the end of March, driven by a record-high inflow of remittances during the month.
The country’s gross reserves have risen to $25.63 billion, according to data released by the Bangladesh Bank (BB) on Sunday.
The surge came after a significant increase in remittance inflows, which reached $3.29 billion in March, the highest for any month in the country’s history.
However, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s net reserves currently stand at $20.46 billion.
