However, according to Bangladesh Bank’s calculation the amount was $31.27 billion
Bangladesh’s foreign exchange reserves hit $26.39 billion as of today, according to the International Monetary Fund’s Balance of Payments and International Investment Position Manual (BPM6) method.
However, according to Bangladesh Bank’s calculation, the amount was $31.27 billion.
For all latest news, follow The Daily Star’s Google News channel. Between September 1 and 23, inward remittances totalled $2.2 billion, a 17.6 percent rise year-on-year.
From July 1 to September 23, the country received $7.06 billion, an 18.2 percent year-on-year increase.
This upward trend has been fuelled by several factors: government incentives, including a 2.5 percent cash bonus on remittances through formal channels; stricter regulation against illegal hundi operations; and relatively stable exchange rates that favour official banking systems.
Higher earnings by Bangladeshi workers abroad—especially in the Middle East and Southeast Asia—have also contributed to the surge, reflecting a post-pandemic labour market rebound.
At the same time, export earnings, particularly from the readymade garments (RMG) sector, have shown signs of recovery, recording nearly 10 percent growth in July–August after a sluggish period last year.
Even though import payments surged nearly 20 percent in July this fiscal year, they posted only 1.75 percent growth in the 2024–25 fiscal year, reflecting subdued demand among businesses amid high inflation, political uncertainty, and economic slowdown.
Additionally, inflows from foreign loans, development aid, and deferred payment arrangements have provided temporary relief, bolstering the overall reserve position.
