Record remittance raises reserve to $ 25.6b

Bangladesh’s foreign currency reserves have surpassed the $25.6 billion mark as of the end of March, driven by a record surge in remittance inflows for the month. According to the latest data from Bangladesh Bank (BB), the country’s gross reserves have reached $25.63 billion.

This remarkable increase follows a historic jump in remittances, which totaled $3.29 billion in March, marking the highest monthly inflow ever recorded in the country’s history.

However, under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s net reserves are currently reported at $20.46 billion.

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