The country鈥檚 gross foreign exchange reserve has once again crossed $30 billion amid increased remittance and export earnings.
According to Bangladesh Bank, the foreign exchange reserve of the country reached $30 billion on July 4, up from $29.8 billion on July 31.
In June 30, Bangladesh鈥檚 foreign exchange reserve hit $31.72 billion after more than two years.
The reserve dropped to $29.53 billion on July 8 after the payment of import bills worth $2.19 billion was made to the Asian Clearing Union for May and June.
Foreign exchange reserves, calculated under IMF guidelines, stood at $24.97 billion on July 4.
The country received around $4 billion from International Monetary Fund, World Bank, the Asian Development Bank and Japan International Cooperation Agency at the end of June which contributed most to the jump in reserve balance.
Besides, remittance inflow and export earnings soared in current months.
According to Bangladesh Bank data, remittance inflow surged by 29.5 per cent to $2.47 billion in July from 1.91 billion in the same month in 2024.
Remittance inflow crossed the $30 billion mark for the first time in a single fiscal year, reaching $30.32 billion in FY2024鈥�25. It marked a 26.8-per cent increase from $23.91 billion of FY24.
The export earnings in July, the first month of the 2025-26 financial year, witnessed a 24.9 per cent robust growth to $4.77 billion.
The BB follows the IMF鈥檚 Balance of Payments and International Investment Position Manual, 6th edition (BPM6), for calculating gross and net international reserves.
Bangladesh鈥檚 trade deficit, although still large, also showed slight improvement in FY25.
The gap narrowed to $20.5 billion, compared with $22.4 billion a year earlier.
The Bangladeshi taka has continued to weaken against the US dollar, reaching Tk 123 per dollar due to a dollar shortage and pressure on banks to settle import payments.
The interbank exchange rate was Tk 108.63 a dollar on May 25 amid pressure on banks to settle import payment obligations.
The exchange rate was Tk 86 a dollar in January 2022 and Tk 94.7 in July 2022.
