Bangladesh’s gross foreign exchange reserves have reached $36.38 billion, underscoring a cautious stabilisation of the country’s external finances.
According to data released by Bangladesh Bank, reserves calculated under the International Monetary Fund’s rigorous manual (BPM6) stood at $31.47 billion on Sunday.
The current reserve position points to a steady accumulation of foreign currency, driven largely by remittance inflows and export receipts.
While global commodity pricing and debt servicing continue to test the economy, $31.47 billion usable reserves provide the central bank with headroom to manage exchange rate volatility.
Even at the higher end of the import bill ($6.5 billion per month), the BPM6 reserves provide about 4.8 months of cover.
This remains above the IMF’s standard minimum safety threshold, which recommends maintaining at least three months of import coverage to absorb external economic shocks.
www.thedailystar.net
