DHAKA, April 7 (NNN-BSS) — Foreign currency reserves have crossed US$25.6 billion mark at the end of March thanks to a record inflow of remittances this month.
The country’s gross reserves have risen to $25.63 billion, according to data released by the Bangladesh Bank (BB).
The surge came after a significant increase in remittance inflows, which reached $3.29 billion in March, the highest for any month in the country’s history.
However, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s net reserves currently stand at $20.46 billion.
The country’s remittance inflow witnessed a remarkable year-on-year growth of 64.7 percent, reaching US$3.29 billion in March, making it the highest remittance inflow for a single month in the country’s history.
The country had received $1.99 billion in remittances in the same period last year, according to Bangladesh Bank (BB) data.
Bangladesh received $2.53 billion remittance in February this year, which made it the then fourth-highest monthly inflow in the country’s history.
Earlier, the country had recorded its highest-ever monthly remittance inflow of $2.64 billion in December last year.
Expatriates have sent remittance of $21.78 billion during the July, 2024-March, 2025 of the current fiscal year, which was only $17.08 billion during the same period of the previous fiscal year. — NNN-BSS
