Bangladesh Bank statistics demonstrate that the country’s foreign exchange reserves have topped US $ 20 billion once more. Local news portals indicated that this increase was caused by higher export revenues and remittance inflows during Eid-ul-Fitr.
The foreign exchange reserves increased from US $ 19.45 billion on 27th March to US $ 20.11 billion as of 8th April based on calculations using the IMF’s BPM6. On 8th April and 27th March, the gross reserves were US $ 25.39 billion and US $ 24.81 billion, respectively.
At US $ 31.20 billion, they were noticeably more during the same time previous year. According to recent media sources, the gross foreign exchange reserves increased to US $ 26.17 billion on March 5 from US $ 25.16 billion on 19th February. During just seven days, the central bank purchased around US $ 1.0 billion worth of currency from commercial banks.
Following the IMF’s BPM6, gross reserves rose from US $ 19.97 billion on 19th February to US $ 20.98 billion on 5th March.
