| Bangladesh’s foreign exchange reserves have again surpassed $21 billion, reaching $26.6 billion, including various foreign currency funds, according to Bangladesh Bank report.
Bangladesh Bank disclosed the information on Sunday (March 9).
On January 9, after paying $1.67 billion to the Asian Clearing Union (ACU) for November-December import bills, reserves fell to $20 billion. Reserves further declined on January 22, with gross reserves standing at $25.221 billion and reserves under the BPM6 calculation dropping below $20 billion to $19.94 billion.
At the beginning of this year, reserves under the BPM6 method were $21.36 billion, while gross reserves were $26.2 billion.
A Bangladesh Bank source said the usable reserves currently stand at around $16 billion. With an average monthly import cost of $5 billion, the available reserves can cover over three months of imports.
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