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Economy

Bangladesh's forex reserves dip to $36.08bn, IMF-measured reserves at $31.53bn

Staff Correspondent

Bangladesh's foreign exchange reserves have slipped slightly, with gross reserves falling to $36.08 billion under the Bangladesh Bank's own accounting method, while reserves calculated under the International Monetary Fund's (IMF) BPM6 methodology stood at $31.53 billion, the central bank said on Thursday.

Bangladesh Bank spokesperson Arif Hossain Khan said gross foreign exchange reserves stood at $36.08225 billion, while reserves measured under the IMF's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6) were $31.5323 billion as of Thursday.

The latest figures represent a slight decline from June 24, when reserves stood at $36.10389 billion under the Bangladesh Bank's calculation and $31.55267 billion under the IMF's BPM6 methodology.

Earlier, reserves were $35.79811 billion and $31.24422 billion, respectively, on June 23; $35.80235 billion and $31.23984 billion on June 17; $35.63065 billion and $31.08061 billion on June 15; and $35.62634 billion and $31.07572 billion on June 14.

The central bank noted that reserves rose significantly on June 14 after Bangladesh received $1.0005 billion in budget support from the Asian Development Bank (ADB).

Since then, reserve levels have remained broadly stable, with the latest data showing a marginal decline under both accounting methods.

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