Bangladesh’s foreign exchange reserves have surpassed the $22 billion mark for the first time in nearly two years, driven by a steady rise in remittance inflows.
The country’s gross forex reserves reached $22.04 billion on Wednesday, according to the IMF’s Balance of Payments Manual (BPM6) reporting method. The Bangladesh Bank reported total reserves at $27.41 billion, indicating a positive trend in external financial stability.
This marks the first time since August 2023—when reserves stood at $23.25 billion—that the reserve level has crossed the $22 billion threshold. The key driver behind the surge has been a significant inflow of remittances.
In March, Bangladesh received $3.29 billion in remittances, and the momentum has continued into April. In just the first 26 days of this month, $2.27 billion has been sent by expatriate workers, fueling optimism in the economic outlook.
Officials at the central bank have credited the steady remittance flow as a crucial factor in rebuilding the country’s reserves amid global financial pressures.
LND/BG
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