Reserve Reaches Nearly $21 Billion

For several months, remittance inflows have been positive, bringing relief to the country’s reserves. Supported by remittances, the foreign currency reserves have grown to approximately $21 billion ($20.85 billion). According to the latest update from Bangladesh Bank, published on Sunday (February 23), the country’s reserve stands at $20.85 billion or $2,085 crore as per the International Monetary Fund’s (IMF) BPM-6 method, as of February 20. Meanwhile, according to Bangladesh Bank’s calculations, the gross reserves of the country have increased to $26.11 billion or $2,611 crore. In the first 22 days of February, remittances amounted to $1.93 billion (193 crore USD), equivalent to BDT 23,546 crore. This indicates that remittances for February will surpass $2 billion.