Written by The Banking Post
Bangladesh’s foreign exchange reserves rose to $30.59 billion on Sunday, up slightly from $30.57 billion just three days earlier, according to Bangladesh Bank data. Under the IMF’s BPM6 standard, reserves stood at $25.75 billion, compared to $25.67 billion on Thursday.
Officials attributed the increase to robust exports and steady remittance inflows. Exports jumped 27% year-on-year in July to $4.43 billion, while remittances reached $6.27 billion in July–August. Import payments also climbed, hitting $6.27 billion in July, up nearly 20% from a year earlier.
A central banker noted that “higher export growth is encouraging, but rising import bills and upcoming debt repayments could limit further accumulation.” Analysts cautioned that the outlook will depend on oil prices, policy stability, and investor sentiment.
The exchange rate remained stable, with the dollar trading at Tk121.75 in the inter-bank market.
