Country's foreign exchange reserves rise to $35.13bn

The country’s foreign exchange reserves have increased further, reaching $35.13 billion, according to the central bank.

The information was confirmed on Wednesday (April 22) by Bangladesh Bank Executive Director and spokesperson Arif Hossain Khan.

As of April 21, the country’s gross foreign exchange reserves stood at $35,125.90 million, equivalent to $35.13 billion, the central bank said.

Under the International Monetary Fund’s (IMF) BPM-6 accounting method, reserves stood at $30.46 billion during the same period.

Earlier, on April 16, gross reserves were recorded at $35.03 billion, while BPM-6-based reserves stood at $30.37 billion.

The IMF’s BPM-6 methodology reflects a narrower measure of reserves after deducting short-term foreign liabilities, representing the net or usable reserve position.