Bangladesh saw its foreign currency stockpile reach $31.31 billion last week. The central bank reported this figure represents the country's best performance over 28 months. Officials last recorded similar amounts during March 2023 when reserves touched $31.29 billion. The Bangladesh Bank tracks these numbers as a key economic indicator. Foreign exchange reserves help countries pay for imports and stabilize their currency.
Central bank data shows reserves calculated under international standards also climbed higher. The International Monetary Fund method put reserves at $26.33 billion. This total marks the best showing since Bangladesh Bank started using this accounting system during June 2023. Back during that month, the same...