Foreign exchange reserve rises to $37.56 billion

On Tuesday (June 30), the spokesperson's office of Bangladesh Bank provided this information.

According to Bangladesh Bank data, the current gross reserve amount is $37.56 billion. This calculation includes the central bank's foreign currency assets, various foreign currency-denominated funds, and foreign currency loans provided to state-owned enterprises.

On the other hand, according to the IMF's BPM6 method, which excludes various foreign currency-denominated funds, the net international reserve currently stands at $32.90 billion.

Additionally, there is another indicator called usable reserves, which is determined by deducting various short-term liabilities and obligations from net international reserves. However, although Bangladesh Bank regularly publishes gross reserves and net reserves according to BPM6, it does not publish information on usable reserves.

Central bank officials said that foreign exchange reserves play a vital role in meeting the country's import costs, repaying foreign debt installments, and maintaining macroeconomic stability. At the same time, a strong reserve is considered a key indicator of the country's economic capacity and financial stability in the international arena.

According to international standards, having reserves sufficient to cover at least three months of import costs is considered safe. According to relevant sources, Bangladesh's current foreign exchange reserves can cover more than six months of import expenses.

According to relevant parties, the reserve position has strengthened further due to an increase in export earnings and remittances in recent times, along with a positive trend in foreign transactions and various policy measures taken by Bangladesh Bank.

Bangladesh Bank believes that the current position of foreign exchange reserves will play a positive role in maintaining the country's external trade, investment environment, and overall economic stability.