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The country’s total foreign exchange reserves have further increased to $34.82 billion, the central bank announced. Arif Hossain Khan, Executive Director and spokesperson for Bangladesh Bank, confirmed this information on Wednesday (June 3).
According to the central bank’s latest data, as of June 3, the country’s gross reserves stood at $34,821.83 million. Based on the International Monetary Fund’s (IMF) BPM-6 accounting methodology, the current reserves amount to $30,160.60 million.
Previously, as of June 1, the country’s gross reserves were $34,766.99 million, and under the BPM-6 method, reserves were $30,107.61 million. This indicates a positive growth in the country’s foreign exchange reserves over the past two days.
It is noteworthy that net reserves are calculated according to the IMF’s BPM-6 measurement. Typically, net or actual reserves are obtained by subtracting short-term liabilities from gross reserves, which play a crucial role in managing domestic and external economic shocks.