Bangladesh's foreign currency reserves crossed the $31 billion mark at the end of June, driven by a record flow of remittance in the 2024–25 fiscal year.

Bangladesh Bank (BB) in this regard published data on Tuesday.

According to BB country’s current total foreign exchange reserves stood at $31.68 billion as of June 30.

The central bank officials said the rise was mainly supported by a significant inflow of remittance from Bangladeshi expatriates, which reached $30.21 billion by June 29. This is the highest ever recorded in any fiscal year in the country's history.

However, based on the IMF’s Balance of Payments and International Investment Position Manual (BPM6), Bangladesh's net reserves now stand at $26.66 billion.

MSK/