Forex Reserves Stand at $27.41 Billion: BB

Bangladesh Bank has reported that the country’s gross foreign exchange reserves currently stand at $27.41 billion. This figure reflects the total holdings of foreign currencies by the central bank, which are used to stabilize the country’s financial system, support international trade, and maintain exchange rate stability.

However, when measured under the International Monetary Fund’s (IMF) updated Balance of Payments and International Investment Position Manual (BPM6), the reserves are calculated at a lower $22.05 billion. The difference arises due to the IMF’s methodology, which excludes certain encumbered or committed assets from the reserve total.

According to a press release issued by Bangladesh Bank today, the BPM6 standard provides a more precise reflection of the country’s liquid and usable foreign exchange assets. The dual reporting aims to offer transparency and align with international best practices in reserve management and economic reporting.

The central bank reassured that current reserve levels are adequate to cover several months of import payments and meet other foreign obligations, contributing to overall macroeconomic stability.