Dhaka: Bangladesh’s foreign exchange reserves stood at $35.62 billion, according to the latest data of the Bangladesh Bank (BB). The central bank disclosed this figure amidst the backdrop of global economic uncertainties affecting various sectors.
According to Bangladesh Sangbad Sangstha, under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM-6) accounting standard, the country’s reserves were recorded at $30.96 billion. This difference in figures highlights the alignment with international accounting standards and portrays a comprehensive picture of the economic standing.
Officials noted that the reserve position reflects the country’s external sector stability. This stability is crucial as the nation navigates the challenges presented by the global economic environment. The reserves serve as a buffer, ensuring that Bangladesh can meet its international payment obligations and maintain confidence in its economic management.
Source: Bangladesh Sangbad Sangstha