Bangladesh forex reserves rise to $36.3 billion

Gross reserves are up $114.84 million since October 14, according to the central bank's latest figures.

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Bangladesh’s gross foreign exchange reserves have risen to $36.3 billion. According to the latest Bangladesh Bank data, gross reserves now stand at $36,308.26 million.

Under the International Monetary Fund’s accounting method, the Balance of Payments and International Investment Position Manual, sixth edition (BPM6), the reserves stand at $31,501.58 million, or about $31.50 billion.

Bangladesh Bank data show that gross reserves were $36,193.42 million on October 14.

At that time, reserves under the BPM6 method were $31,385.49 million.

That means gross reserves have grown by $114.84 million since October 14. Over the same period, reserves calculated under BPM6 rose by $116.09 million.

How are net reserves calculated?
Reserves are calculated under the IMF’s BPM6 method.

Net, or actual, reserves are generally found by subtracting short-term liabilities from gross reserves. This measure is important in assessing the country’s capacity for foreign transactions and its ability to meet its international obligations.

বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report

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