Bangladesh's forex reserves rises again to $22 billion under BPM6 method: BB

Bangladesh's foreign exchange reserves have reached $22.04 billion as of 30 April, calculated according to the IMF's Balance of Payments and International Investment Position Manual (BPM6). 

Bangladesh Bank disclosed the information in a statement issued today (30 April).

On 15 April, reserves stood at $21.18 billion.

Under the gross reserve calculation by Bangladesh Bank, the total foreign exchange reserves currently stand at $27.41 billion

The country's reserves have seen growth due to a record amount of remittance inflows last month, a trend that has continued into the current month.

In a strong display of continued support from Bangladesh's expatriates, the country recorded $2.61 billion in remittance inflows during the first 29 days of April, according to the latest Bangladesh Bank data.

Remittance inflows remain robust even after the Eid festivities, highlighting the vital contribution of migrant workers to the country's economic stability.

Before Eid, expatriates had already sent a record-breaking $3.29 billion in March, reflecting both the festive season's impact and the rising trend of Bangladeshi workers sending money home through official channels.

The consistent flow of remittances has played a pivotal role in stabilising the country's foreign exchange reserves, which have now reached around $27 billion — a figure considered significant for the nation's financial health.

In the first nine months of the current fiscal year (FY25), Bangladesh has received a total of $21.77 billion in remittances — a notable increase from the $17.07 billion received during the same period of the previous fiscal year (FY24).

Looking at trends earlier in the year, remittance flows have remained steady: $3.29 billion in March, $2.53 billion in February, and $2.19 billion in January.

The preceding months also showed substantial inflows, with $2.64 billion in December, $2.2 billion in November, and $2.39 billion in October.