Bangladesh’s foreign exchange reserves have reached the $22 billion mark after several months, thanks to an increased inflow of foreign currency generated by remittances and export earnings.

Bangladesh's foreign exchange reserves have reached the $22 billion mark after several months, thanks to an increased inflow of foreign currency generated by remittances and export earnings.

After remaining above the $20 billion mark for just three days, Bangladesh's foreign currency reserves dropped to $18.46 billion after the country paid its regional import bills on October 9.

Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago

Reserves hit $18.61 billion on May 21, up from $18.43 billion on May 15

It hit $19.45 billion on March 27, down from $19.98 billion on March 20

$1.29 billion import bills cleared last week, which brought down the reserves to $19.99 billion on Wednesday

Bangladesh's foreign currency reserves rose $377 million in a week to about $20.57 billion, central bank figures showed.

Bangladesh's foreign currency reserves have gone past the $20-billion mark again, central bank data showed.

Bangladesh’s foreign currency reserves rose $14 million in a week to about $19.96 billion, central bank figures showed.

Bangladesh's foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through Asian Clearing Union (ACU), a top official said yesterday.

Bangladesh’s foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through the Asian Clearing Union (ACU), a top official said today.

The boost to the reserves stems mainly from the purchase of US dollars from Islami Bank Bangladesh as well as the release of the installments of the loans from the IMF and the Asian Development Bank.

The reserves stood at $19.16 billion as of December 13.

Bangladesh’s gross foreign reserves can top up to $24.3 billion by the end of the fiscal year if greater exchange rate flexibility is allowed and a tighter monetary policy is pursued, the IMF said.

$1.17 billion of ACU payment was cleared today

It decreased by $60 million in a week

Bangladesh’s gross foreign exchange is likely to stand at $30 billion at the end of 2022-23 fiscal year, lowest in four years, according to the International Monetary Fund (IMF).