Bangladesh’s foreign currency reserves have risen to USD 30.8 billion, according to Bangladesh Bank on Thursday (August 7).

According to the central bank, the net reserves—calculated under the IMF’s Balance of Payments and International Investment Position Manual (BPM6)—currently stand at USD 25.6 billion or USD 25.05787 billion.

Since the fall of the Awami League government on 5 August last year, reserves have increased steadily over the past 12 months to reach this level.

A year ago, the gross reserve stood at USD 25.82 billion, while the net reserve was USD 20.39 billion. At that time, usable reserves had dropped to the USD 14 billion range.

The improvement is attributed to a steady flow of remittance and positive export earnings, the country’s two main sources of foreign currency income, which have brought stability to the forex market.

The long-standing pressure on reserves has eased significantly. The Bangladesh Bank has also not sold dollars from its reserves for 10 consecutive months, contributing to further stability.

In addition, ongoing reforms in the banking sector, revenue administration, and the broader macroeconomy have led to several billion dollars in foreign financial support, including budgetary assistance and loans, entering the country—gradually boosting reserves.

MSK/