Record remittance raises reserve to US$ 25 bn

Foreign currency reserves have crossed US$25 billion mark before the end of March thanks to a record inflow of remittances this month.

The country's gross reserves have risen to $25.44 billion, according to data released by the Bangladesh Bank (BB) Thursday night. 

The surge came after a significant increase in remittance inflows, which reached $2.94 billion in the first 26 days of March, the highest for any month in the country's history.

However, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh's net reserves currently stand at $20.29 billion.