Reserves are making a turnaround

Bangla Press Desk: The country's economy is showing signs of recovery, driven by the hard-earned remittances sent by expatriates and a consistent growth in product exports. Buoyed by these positive developments, the nation's foreign exchange reserves have regained strength. The reserves have increased, now reaching $36.30 billion.
According to Bangladesh Bank’s internal accounting method, the gross foreign exchange reserves stood at $36.30 billion at the close of the day on Thursday (October 15). Meanwhile, under the International Monetary Fund’s (IMF) BPM-6 accounting standard, the reserves have risen to $31.50 billion.
Arif Hossain Khan, an official spokesperson for Bangladesh Bank, has confirmed these updated reserve figures.
An analysis of the central bank’s data reveals that on the previous day, October 14, the reserves stood at $36.19 billion according to Bangladesh Bank’s internal accounting, and $31.38 billion according to the BPM-6 standard. Prior to that, on October 11, the figures were $36.21 billion (internal accounting) and $31.40 billion (BPM-6 standard).
A consistent upward trend in the reserves has been observed since the beginning of October. On October 8, the reserves stood at $36.15 billion (internal accounting) and $31.34 billion (BPM-6 standard); on October 7, they were $36.12 billion (internal accounting) and $31.31 billion (BPM-6 standard); and on September 29, they stood at $36.14 billion (internal accounting) and $31.29 billion (BPM-6 standard).
Earlier, in mid-September—specifically on September 20—the reserves were $36.30 billion according to the internal accounting method, and $31.45 billion according to the BPM-6 standard. On September 16, reserves stood at $36.32 billion ($31.46 billion according to BPM-6); on September 10, they were $36.27 billion ($31.36 billion according to BPM-6); and on September 8, the reserves stood at $36.43 billion ($31.52 billion according to BPM-6).
BP/TD