Dhaka, Feb. 25 -- Bangladesh's foreign exchange gross reserves on Wednesday crossed $35.03 billion within 9 days of the new government coming to office.

According to the IMF BPM-6 calculation method, which adheres to the principle "what cannot be spent, cannot be counted," the foreign exchange reserves reached $30.27 billion.

Arif Hossain Khan, Executive Director and spokesperson of the central bank, confirmed this by text message on Wednesday night.

Central bank officials noted that expatriate Bangladeshis are increasingly using legal channels to send money home, significantly strengthening the nation's dollar holdings.

Due to the surplus of dollars in the banking system, there were concerns about a sharp decline in the value of the ...