Record remittance pushes foreign reserves to $31.68bn

Bangladesh’s foreign currency reserves soared past $31 billion mark at the close of June 2025, driven by an unprecedented surge in remittance inflows during the just-ended fiscal year.

According to Bangladesh Bank data released Tuesday, the country’s gross foreign exchange reserves have climbed to $31.68 billion, buoyed by a record $30.21 billion in remittances received as of June 29—marking the highest annual remittance intake in Bangladesh’s history.

However, when calculated under the International Monetary Fund’s Balance of Payments and International Investment Position Manual (BPM6) framework, which excludes certain liabilities, Bangladesh’s net reserves stand at $26.66 billion.

The sharp rise underscores the critical role remittance plays in strengthening the country’s external position, especially amid global economic pressures. With these inflows, Bangladesh has achieved a significant cushion for its import payments and other external obligations, offering renewed confidence in the macroeconomic outlook.