Bangladesh’s forex reserves rise to $29.86b
The rise in remittance inflows through formal banking channels has contributed significantly to this growth.
Bangladesh's total foreign exchange reserves have risen to $29.86 billion, Bangladesh Bank (BB) Spokesperson and Executive Director Arif Hossain Khan said this evening (17 February).
The central bank has been increasing reserves mainly by purchasing US dollars from commercial banks through auctions.
The rise in remittance inflows through formal banking channels has contributed significantly to this growth.
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In the first month of 2026, Bangladesh received $3.17 billion in remittances, the third-highest monthly inflow on record. This marks a 45.41% increase compared to the same month in 2025.
In January of the previous year, remittance inflows stood at $2.18 billion.
A senior Bangladesh Bank official told The Business Standard that the supply of dollars in banks has increased due to higher remittance inflows.
To prevent the dollar rate from falling, the central bank has been purchasing dollars through auctions, he added.
The official further said that by buying dollars from commercial banks, Bangladesh Bank is simultaneously boosting reserves while maintaining stability in the exchange rate.
