Foreign exchange reserves rise, gross reserves exceed 34.56 billion dollars

Staff Report: PNN

Bangladesh’s foreign exchange reserves have increased again. According to the latest information, gross reserves have reached 34.56 billion US dollars.

The Bangladesh Bank confirmed this on Saturday night. Executive Director and spokesperson Arif Hossain Khan said that as of May 23, the gross reserves stood at 34,569.38 million US dollars.

According to IMF BPM-6 accounting method, the reserves stand at 29,912.39 million US dollars.

Earlier, on May 21, gross reserves were 34,539.08 million dollars. BPM-6 reserves were 29,879.50 million dollars. This shows a slight increase in a few days.

Experts say rising reserves help in import payments, foreign debt repayment, and overall economic stability.

Economists believe remittance inflows, export earnings, and controlled imports have contributed to this improvement.