Bangladesh’s foreign currency reserves have seen another increase. According to the latest data from Bangladesh Bank, as of Tuesday (May 27), the country’s total (gross) reserves have risen to approximately $25.80 billion USD, or 2,580 crore dollars.
However, when calculated under the IMF-prescribed BPM6 (Balance of Payments Manual 6) method, which is more conservative and used internationally the reserves stood at $20.56 billion USD, or 2,056 crore and 22 lakh dollars. This update came through a press release issued by Bangladesh Bank on Tuesday (May 27).
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Just a few days earlier, on Thursday (May 22), the gross reserves were reported at $25.64 billion USD, or 2,564 crore and 27 lakh 40 thousand dollars. So, in a matter of five days, Bangladesh’s reserves have shown a modest but steady increase, reflecting some positive movement in the country’s external financial position.
