Bangladesh received a $1 billion loan from the Asian Development Bank (ADB) as budget support, raising the country’s gross foreign exchange reserves to $35.63 billion by Sunday, the highest in 43 months. The reserves stood at $34.59 billion on Thursday, according to Bangladesh Bank spokesperson Arif Hossain Khan.

Under the International Monetary Fund’s BPM6 accounting method, reserves reached $31.07 billion. Earlier, on January 19 of this year, reserves exceeded the $30 billion mark for the first time under BPM6 reporting, which began in June 2023 when reserves were $24.75 billion. The highest reserve level in Bangladesh’s history was $48 billion in August 2021, but it declined sharply afterward due to increased capital outflows and a rising dollar rate from 84 to over 120 taka.

At the time of the Awami League government’s fall, reserves under BPM6 had dropped to $20.48 billion, marking a significant low before the recent recovery.