Foreign Reserves Rise by $26 Million in Two Weeks Amid Higher Expatriate Inflows

Image source - Google | Image by - banglanews24.com

Increased remittances from expatriates between August and September, coupled with reduced demand for dollars from commercial banks, have contributed to a rise in Bangladesh's foreign currency reserves. In the last two weeks, net reserves surged by $259.17 million, according to the latest report from Bangladesh Bank. As of October 9, gross reserves, including various funds, stood at $24.97 billion.

However, when calculated using the International Monetary Fund's (IMF) BPM-6 method, the net reserves amount to $19.82 billion. Despite the recent increase, the expendable reserves remain below the $15 billion threshold.

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