Economic Reporter //

Ahead of Eid, the country’s foreign exchange reserves have increased to $25 billion, or more than $25 billion.

So far in March, about $3 billion or $3 billion in expatriate income or remittances have arrived. Due to this record amount of expatriate income, Bangladesh Bank has given good news about foreign exchange reserves. Mohammad Ibrahim Munshi, Deputy Director of the Central Bank, confirmed the matter.

According to the Central Bank, the total reserves in Bangladesh Bank have increased to $25.44 billion on Thursday.

On the other hand, according to the International Monetary Fund (IMF) accounting standard BPM-6, the amount of reserves in the country is $22.9 billion.

It is known that on March 9, Bangladesh Bank paid $1.75 billion for import bills for January and February to the Asian Clearing Union (ACU). Then the actual foreign exchange reserves fell below $20 billion. The reserves decreased by $19.75 billion. However, within 20 days, the reserve situation improved again. Expatriate and export income played a major role in this. In the first 26 days of this March, $2.94 billion came into the country. Never before has so much expatriate income come into the country in a single month.

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