New Age | Forex reserve crosses $22b

Bangladesh’s gross international alternate reserves, calculated beneath Worldwide Financial Fund tips, crossed $22 billion once more on Wednesday, pushed by robust remittance inflows and export earnings.

In accordance with Bangladesh Financial institution information, reserves stood at $22.04 billion on Wednesday in contrast with that of 20.35 billion on March 28.

The foreign exchange reserve crossed $22 billion mark after 1 12 months and eight months. It was $23.25 billion in August 2023.

Bankers mentioned that prime remittance influx and export  earnings contributed most to the surge in reserve steadiness.

As well as, in response to typical valuation by the Bangladesh Financial institution, the international alternate reserve elevated to $27.41 billion on Wednesday from $25.5 billion on March 28.

This enchancment in reserve place affords the central financial institution some respiration area in managing forex volatility and exterior debt obligations.

In accordance with BB information, from July 2024 to March 2025 of the 2024-25 monetary 12 months, remittance influx totalled $21.77 billion, marking a 27.6-per cent enhance from $17.07 billion in the identical interval of FY24.

Remittance influx remained above $2 billion consecutively since August.