Reserves edge up to $34.82 billion

Bangladesh’s foreign exchange reserves have increased further to $34.82 billion, according to the central bank.

The Bangladesh Bank confirmed the latest figure on Wednesday through its Executive Director and spokesperson Arif Hossain Khan.

As per central bank data, the gross reserves stood at $34,821.83 million as of June 3. In contrast, reserves calculated under the International Monetary Fund’s Balance of Payments and International Investment Position Manual (BPM6) methodology stood at $30,160.60 million.

Earlier on June 1, gross reserves were recorded at $34,766.99 million, while BPM6-compliant reserves stood at $30,107.61 million, indicating a gradual upward trend in recent days.

Officials noted that net reserves are calculated under the IMF’s BPM6 framework by deducting short-term liabilities from gross reserves, providing a more accurate picture of the country’s usable foreign exchange position.

TZ