Bangladesh’s foreign exchange reserves have once again crossed 35 billion dollars after one and a half months. As of Thursday, the total reserves stood at 35.03 billion dollars, according to Bangladesh Bank. Under the IMF’s BPM6 calculation method, the reserves amounted to 30.36 billion dollars. The information was confirmed by Arif Hossain Khan, executive director and spokesperson of Bangladesh Bank.

According to central bank data, reserves were 35.49 billion dollars at the end of March 5, and 30.76 billion dollars under the IMF method. The reserves had declined after payments under the Asian Clearing Union (ACU). Officials said the reserves dropped to 34 billion dollars following those payments but later rose again due to record remittance inflows and renewed dollar purchases by the central bank.

Bangladesh Bank purchased 120 million dollars over Wednesday and Thursday, bringing total purchases this fiscal year to 5.61 billion dollars. Officials noted that earlier, concerns over the Iran war led banks to settle dues early, temporarily raising dollar demand. With that pressure easing, the central bank has resumed buying dollars as the exchange rate stabilizes.