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Forex Reserves Hit $30.11bn on Dollar Buying, Remittances

Staff Correspondent: Economy 2026-02-23, 9:52pm

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Bangladesh’s foreign exchange reserves have risen to $30.11 billion as Bangladesh Bank continues purchasing US dollars from commercial banks through auctions to stabilise the currency market.

Central bank spokesperson and Executive Director Arief Hossain Khan confirmed the development on Sunday evening.

A strong inflow of remittances through formal banking channels has also played a major role in boosting the reserve position. Officials said expatriate earnings remain one of the key sources of foreign currency for Bangladesh.

According to central bank data, remittance inflows reached $3.17 billion in January 2026, the third-highest monthly total on record. The figure represents a sharp 45.41 percent increase compared with January 2025, when remittances stood at $2.18 billion.

Officials noted that the higher inflow of foreign currency has increased the supply of dollars in banks. To prevent a rapid appreciation of the local currency and maintain exchange-rate stability, the central bank has been buying dollars from the market.

They added that these interventions are helping rebuild reserves while keeping the foreign exchange market stable.