Bangladesh’s usable forex reserves hit $31 billion, covering 4.8 months of imports

An economic buffer: Bangladesh’s gross forex reserves reach $36 billion

Bangladesh now holds $36.38 billion in gross foreign exchange reserves, a figure that signals growing stability for an economy once teetering on the edge of external payment pressures.

Central bank data released Sunday puts the usable reserve total at $31.47 billion under the International Monetary Fund’s BPM6 methodology, the stricter standard most lenders prefer. That metric strips away assets tied up in loans or other commitments, leaving only what the country can actually tap in a crisis.

The buildup stems from two reliable sources: remittances sent home by Bangladeshi workers abroad and steady export earnings from the garment sector. Both have outperformed expectations in recent quarters.

Meanwhile, global commodity prices and debt repayment obligations still squeeze the budget. Yet the $31.47 billion cushion gives policymakers room to counter currency swings without burning through emergency buffers.

Even using a conservative estimate of $6.5 billion in monthly imports, the reserves cover roughly 4.8 months of bills. That sits comfortably above the IMF’s recommended floor of three months, the minimum needed to ride out most external shocks.

As a result, Bangladesh enters the next fiscal cycle with more negotiating leverage and fewer immediate risks of a balance-of-payments crunch. The trajectory matters ahead of any fresh IMF review or sovereign borrowing plan.