2024-04-13 14:09:02
Remittance flow was strong before Eid. Export earnings also increased slightly. As a result, foreign currency savings or reserves in the country have increased to over 20 billion dollars. Gross reserves stood at 25.73 billion dollars.
According to the data of the central bank, at the end of last month (March 27) the reserves were 2 thousand 481 million dollars and BPM-6 was 1 thousand 945 million dollars (19.96 billion). On April 8 of this month, gross reserves increased to $2,538 million and BPM-6 increased to $2,100 million (20.10 billion).
At the beginning of the financial year 2023-24, gross reserves were 29.73 billion dollars and according to BPM-6 it was 23.37 billion dollars.
But apart from this there is another account of net or actual reserves of Bangladesh Bank, which is given only to the IMF. is not disclosed. According to related sources, the country’s real spendable reserves are now around 15 billion dollars. It will be difficult for Bangladesh to meet the import expenses of three months with this reserve as about 6 billion dollars per month. Normally a country should have reserves equal to minimum 3 months import cost. Bangladesh is now at the bottom of that standard. One of the indicators of a country’s economy is its foreign exchange reserves.
Officials of the Central Bank said that expatriates sent more remittances before Eid. Apart from this, the export flow has also increased due to these reasons, the reserve has increased somewhat.