Bangladesh's Gross Forex Reserves Cross $35 Billion
Bangladesh, April 16 -- Bangladesh's gross foreign exchange reserves crossed the US$35 billion mark on Thursday, driven by stronger remittance inflows and lower import payment obligations, despite ongoing geopolitical tensions.
The gross forex reserves rose to $35.04 billion on the day, up from $33.87 billion the previous day, according to the central bank's traditional calculation method.
Under the International Monetary Fund (IMF)'s Balance of Payments International Investment Poisson Manual-six edition, generally known as BMP6, the forex reserves stood at $30.37 billion during the period under review from $30.20 billion.
"Hefty growth in inward remittances has boosted overall foreign exchange inflows rather than outflows, despite th...
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