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Bangladesh’s Foreign Currency Reserve Now at $26.82 Billion

Foreign Currency Reserve

The total foreign currency reserve of Bangladesh now stands at $26.82 billion, according to the latest data shared by Bangladesh Bank spokesperson Arif Hossain Khan on Monday, 23 June.

IMF Standard Shows $21.75 Billion Reserve (BPM6 Format)

Based on the International Monetary Fund’s BPM6 (Balance of Payments Manual-6) standard, Bangladesh’s reserve currently stands at $21.75 billion.
In numbers, this is $2,175 crore 8 lakh 20 thousand.

The amount that can be spent right away, or the useable reserve, is approximately $17 billion.

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Bangladesh Bank’s Own Calculation

As per Bangladesh Bank’s own method of calculating reserves, the total reserve is currently $2,682 crore 31 lakh 50 thousand, which is $26.82 billion.

Reserve Trends Over the Past Weeks

Let’s look at how the reserve has changed recently:

  • 15 June

    • IMF BPM6: $2,086 crore 38 lakh

    • BB Total Reserve: $2,614 crore 99 lakh 60 thousand

  • 4 June

    • IMF BPM6: $2,076 crore 87 lakh 80 thousand

    • BB Total Reserve: $2,606 crore 40 lakh 60 thousand

  • 2 June

    • IMF BPM6: $2,059 crore 16 lakh 60 thousand

    • BB Total Reserve: $2,588 crore 67 lakh

  • 1 June

    • IMF BPM6: $2,050 crore 5 lakh 50 thousand

  • 27 May

    • IMF BPM6: $2,056 crore 22 lakh 40 thousand

    • BB Total Reserve: $2,579 crore 95 lakh 50 thousand

  • 22 May

    • IMF BPM6: $2,027 crore 27 lakh

    • BB Total Reserve: $2,564 crore 27 lakh 40 thousand

  • 19 May

    • IMF BPM6: $2,007 crore 5 lakh 90 thousand

    • BB Total Reserve: $2,544 crore 44 lakh 30 thousand

  • 7 May

    • IMF BPM6: $2,029 crore 12 lakh 10 thousand

    • BB Total Reserve: $2,567 crore 72 lakh 90 thousand

 

Key Point: Difference in Reserve Figures

The difference in reserve amounts comes from the way they are calculated:

  • Only reserves that are easily accessible and adhere to international norms are taken into account by the IMF’s BPM6.

  • Bangladesh Bank’s method includes some other assets as well, which is why the total looks higher.

Source: Ntv

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