Bangladesh’s foreign currency reserves now at $20 billion, calculated under the IMF’s BPM-6 method, according to a report published by Bangladesh Bank on Thursday (Nov 7) 

However, the total reserves, including other funds, amount to $25.72 billion.

The central bank data shows that reserves in October were $19.83 billion, indicating an increase of $1.81 billion in a month. However, the net usable reserves are estimated to be close to $15 billion.

Bangladesh Bank’s Executive Director and Spokesperson Hosne Ara Shikha said that reserves are part of a continuous flow, sometimes rising and falling. 

Currently, the supply of foreign currency remains steady, suggesting that reserves are likely to stay stable, she said.

In the next few days, about $1.5 billion will be used for payments to the Asian Clearing Union (ACU), which may temporarily reduce reserves to below $19 billion.

BDST: 1842 HRS, NOV 07, 2024
MSK