Forex reserves stand at $32.62b

Bangladesh's foreign exchange reserves have stood at US$ 32.62 billion, reports BSS.

But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh's foreign exchange reserves stood at $28.03 billion, according to the latest data of the Bangladesh Bank (BB) released on Sunday.

The central bank has been boosting reserves mainly by purchasing US dollars from commercial banks through auctions.

A senior Bangladesh Bank official said the supply of dollars in the banking system has improved due to a rise in remittance inflows.