Bangladesh’s foreign exchange reserves have further increased to almost a year ago due to the continued positive flow of remittances and the receipt of nearly two billion dollars in loans, including the third tranche of the IMF loan.

According to Bangladesh Bank, gross reserves stood at 27.15 billion US dollars at the end of Thursday. And 22 billion dollars in BPM6 method of IMF.

Last May, gross reserves were 24.19 billion dollars. In other words, foreign exchange reserves have increased by three billion dollars in the last one month. And with this, the people concerned feel that the comfort and confidence in the economy has started to increase.

Bangladesh’s foreign exchange reserves reached a record high of $48 billion in 2021 amid the coronavirus pandemic. This success of Bangladesh appears as an example to many countries of the world.

But due to economic stagnation due to pandemic and Russia-Ukraine war, the price of all kinds of products including energy has increased several times in the international market, which has a negative impact on Bangladesh as well. Reserves begin to decrease.

Last June, the fiscal year ended with a gross reserve of 31.20 billion dollars. Then it gradually decreases. It stood at 24.89 billion in November. After that there was some increase in December but it started to decrease again from January. In May, it went down to the level of 10 years ago.