Dhaka, May 7 -- Bangladesh's gross foreign exchange reserves stood at USD 27.44 billion as of Tuesday, according to data released by Bangladesh Bank.
Using the globally accepted method of excluding encumbered reserves-funds already committed for various payments-the usable reserve level stands at USD 22.06 billion. This marks the first time in seven months that reserves have climbed back above the USD 22 billion threshold.
The recovery in foreign exchange reserves reflects growing stability in the country's external sector following the political transition of August 2024. Confidence in the economy and banking system appears to be rebounding steadily.
Remittance inflows continue to play a pivotal role in this turnaround. In the first ten...