Bangladesh’s foreign currency reserves have increased to $19.20 billion, equivalent to $1,920.44 million, as per the latest data released by Bangladesh Bank on Thursday. The reserve calculation follows the Balance of Payments and International Investment Position Manual (BPM6) methodology set by the International Monetary Fund (IMF).

Including various foreign currency funds, the total reserve currently stands at $24.75 billion, or $2,475.16 million. This comprehensive reserve includes funds earmarked for sectors like garment exports and loans, such as the one provided to Sonali Bank for aircraft procurement.

On November 11, Bangladesh settled $1.50 billion in import payments for September and October through the Asian Clearing Union (ACU), which had reduced reserves to $18.45 billion under the BPM6 system. Over the past month, reserves have gradually risen again, surpassing the $19 billion mark.

Bangladesh Bank maintains three separate reserve accounts. The first is the total reserve, which includes various foreign currency funds and allocations. The second, based on the IMF’s BPM6 accounting method, excludes loans and special funds. Lastly, the usable reserves, currently just over $14 billion, represent funds readily available for foreign transactions.

To meet international benchmarks, a country’s foreign reserves should cover at least three months of import expenses. Bangladesh’s current reserve is at the lower end of this requirement.

In response to fluctuating reserves, Bangladesh has implemented several measures, including halting dollar sales from reserves during the current government’s tenure. The central bank has also acquired dollars from various sources, gradually increasing reserve levels. The steady accumulation reflects efforts to stabilize the country’s financial position amidst growing international trade demands.

The growing reserves signal positive momentum, contributing to greater economic resilience as Bangladesh continues its efforts to strengthen its foreign exchange position.