The latest Forex reserve is enough for meeting import expenditure of more than 10 months well above the international standard of 3 months. It stood at $48 billion on August 24 last year. The United Kingdom, which did not make the top 10 list, held $217 billion in . On Thursday (October 20), 60 million dollars were sold to the banks from the foreign exchange reserves of the Bangladesh Bank. The . 38,945.5 (million US dollars) in August 2022. United States foreign currency reserves, which are mostly euros and yen, were valued at $242 billion in Q2 2022. The Bangladesh central bank's foreign-exchange reserves fell to US$39.67 billion as of July 20 - sufficient for imports for about 5.3 months - from US$45.5 billion a year earlier. 2022 | Copyright United News of Bangladesh. This is happening due to the selling pressure of US dollars for import LCs and the surge of individual demand to meet travel, medical treatment, and tuition fees for foreign universities. Accord Fintech 0. Bangladesh is set to make the next ACU payments in January 2023. The government and the ADB opened initial discussions on at least four projects, including $250 million in loans for economic recovery . country comparison to the world: 49. . White label accounts can distribute our data. Download limits apply. The latest Bangladeshi taka news. 29,048. These cookies are used to collect information about how you interact with our website and allow us to remember you. $33.42 billion (31 December 2017 est.) Further information about Bangladesh Foreign Exchange Reserves In the latest reports, Bangladesh Foreign Exchange Reserves equaled 5.0 Months of Import in Jul 2022. Officially, the "foreign exchange reserves of Bangladesh stood at only US$32.7 billion in June 2019. . 1972. In total, the central bank has sold USD 2.57 billion from reserves in two months (July-August) and of the current FY 2022-23. BDST: 1810 HRS, OCT 21, 2022 MSK The trade deficit widened to a record $30.8 . Reduce fund wastage, phase out subsidy in energy sector, IMF Loan Talks: Here's how we need to prepare, Three ways a strong dollar impacts emerging markets, , . Honorable Governor Share. Available via annual subscription to one or more of CEICs global and premium databases. After Aku pays $1.35 billion, the reserve will stand at $34.42 billion. The reserves are made of gold or a specific currency. Every country is struggling with the prices of essentials and is having to use their reserves (of foreign currencies). On Sunday, the country's foreign currency reserves stood at $38.91 billion, according to data from the Bangladesh Bank. Oct 23 2022 Foreign exchange reserves fall to $35 billion Fri, Oct 21 2022 PM emphasizes on increasing trade and investment cooperation with Brunei . As of Oct 19, Bangladesh's foreign currency reserves were down to US$35.98 billion, according to the central bank - a steep drop from US$48 billion in August last year and the lowest level in . According to a price notification from the Ministry of Power, Energy and Mineral Resources, one litre of octane now costs 135 takas (USD 1.43), a 51.7 per cent increase from the previous rate of . We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Foreign exchange reserves of Bangladesh fell gradually from 46,199.8 million US dollars in September 2021 to 38,945.5 million US dollars last month. "If the process is followed, the reserves will be reduced to $27.8 billion from $35.8 billion as declared earlier," he said. The FT report had also claimed that "[Bangladesh] foreign reserves have also fallen to less than $40bn from more than $45bn a year ago". According to that, the reserve has decreased by USD 11.5 billion in one year. Bangladesh's export economy is dominated by RMG manufacturing, but the country remains largely rural with an urbanization rate of only 38.2 percent of the population. Advanced users can use our Python/R/Matlab packages. Foreign exchange reserves in Bangladesh slipped below $39 billion owing to high import payments. The foreign-exchange reserves of China are the greatest of all countries and have been so for more than 14 years. Bangladesh imported goods worth $61.52 billion (58.48 billion . This website stores cookies on your computer. Bangladesh Domestic Credit reached 177.8 USD bn in Aug 2022, representing an increased of 16.6 % YoY. "Hopefully, our foreign currency reserves will reach $50 billion within the next 14 months," he told reporters while briefing them on the outcomes of a meeting of Cabinet Committee on Public Purchase on Wednesday . High remittance inflow despite sluggish manpower . Suitable for enterprise usage. Accommodation Times 0. Full and unlimited access to CEIC data for multiple users. We have sufficient stock of refined and crude petroleum oil in our storage tanks and the import lineup has been finalized up to December 2022," Hamid said. Cosmos Centre 69/1 New Circular Road, Malibagh, Dhaka-1217,Bangladesh. Staff Correspondent. An executive director of Bangladesh Bank, preferring anonymity, told UNB on Sunday that in principle, the central bank has decided to follow the global standards to calculate the amount for foreign reserves. Bangladesh's per capita income has trebled in a single decade to $2,227 in fiscal 2021, which is higher than neighboring India and Pakistan. Pakistan's foreign exchange reserves are depleting rapidly. All rights reserved, Unlimited access tailored to your data needs. The current . Bangladesh had a record $48.02 billion in August last year, sufficient to pay import bills for up to one year, but a steady decline has brought it down to the current $42 billion. In Bangladesh, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. China has been the leading provider of arms to Bangladesh; as of 2022, Bangladesh was undertaking a large defense modernization program, with a focus on naval acquisitions (2022) Foreign exchange reserves declined as a result, reaching US$ 38.9 billion by the end of August 2022. Russia is third with $592billion and India is fourth with $634billion. 143.2. What message does South Asia get from Sri Lanka? Bangladeshs forex reserves are now down to USD 36.90 billion, despite the central banks move of curbing imports, and currency diversification in foreign trade. Overseas Financing for Bangladeshi Companies- How to take foreign loans in Bangladesh in 2022. DHAKA, Oct 26, 2022 (BSS) - Information and Broadcasting Minister Dr Hasan Mahmud today said the foreign exchange reserves of the country have stood at about US$37 billion, increasing 12 times than the BNP regime. According to the State Bank of Pakistan (SBP), Pakistan's foreign exchange reserves decreased by $173 million in the week ending September 30. 3. Agriwatch . BB officials said that high import payments were the main reason for the depletion of the forex reserve. In a draft report on safeguards assessment of the Bangladesh Bank for 2021, the IMF has identified the misclassification of foreign assets leading to an . Bangladesh's foreign exchange reserves slipped to $39.48 billion as of July 27 from $45.7 billion a year earlier. Bangladesh Average One Month Interbank Rate at 5.80 percent, Deposit Interest Rate in Bangladesh at 5.05 percent, Bangladesh CPI Transport & Communication at 337.74 points, Bangladesh Consumer Credit at 16895.22 BDT Billion, Bangladesh Balance of Trade at -264.80 BDT Billion, Bangladesh Loans to Private Sector at 12983.46 BDT Billion, Bangladesh Capital Account at 1.97 BDT Billion, Costa Rica Inflation Rate Softens to 5-Month Low, European Stocks Rise to Near 2-Month High. Instant access to full history data in excel. Direct access to our data from your apps using any programing language. Forex reserves below $38 billion despite tightened imports. On September 8, the BB paid $1.73 billion to the Asian Clearing Union that dipped the reserve to $37.06 billion on the day from $38.94 billion on September 7. Bangladesh's reserves have steadily declined across the year. E-paper . We made $1.3 billion ACU payments from the $35.77 billion reserves on Monday, said Bangladesh Bank spokesman Abul Kalam Azad. The Bangladesh Bank has recently agreed to calculate reserves following the international standard as advised by the International Monetary Fund (IMF), but the process will be slow considering it as a national sensitive issue, an official said on Sunday (October 30, 2022). After crisis-hit Sri Lanka left ACU, Bangladesh Bank asked banks to refrain from transactions with Sri Lanka in October. The Procedure for foreign loans approval by a Bangladeshi Company. An executive director of Bangladesh Bank, preferring anonymity, told UNB on Sunday that in principle, the central bank has decided to follow the global standards to calculate the amount for foreign reserves. The country's trade deficit widened to a record $33.3 billion in the fiscal year ended June. Afternoon Voice 0. . Bangladesh Foreign Exchange Reserves Last Release Sep 30, 2022 Actual 36,476.4 Units In USD Million Previous 38,945.5 Frequency Monthly Next Release N/A Time to Release N/A Oct 21 Jan 22. 1998-2022. That's a remarkable turnaround for a country once referred to in the West as a "basket case.". We have a plan for your needs. Note : Reserves (Gross) represents Total International Reserves of the country. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. use this information order improve and customize your browsing experience and for analytics and metrics about our visitors both. USD (2.7+3.28+4.02) billion is the foreign loan repayment from FY 2022/2023 to FY 2024/2025 ( Source-New Age, May 29,2022 through ERD, GoB) Any country having three Months foreign currency reserve to settle the Balance of Payment indicates good stability. Bangladesh is also doing the same for its people, said Prime Minister Sheikh Hasina yesterday. In the first week of this month, the reserves fell to USD 37.06 billion as the Asian Clearing Union (ACU) cleared its July-August arrears of USD 1.74 billion. "If the process is followed, the reserves will be reduced to $27.8 billion from $35.8 billion as declared earlier," he said. Entry level access to the CEIC platform for individual users. 270.5. On Sunday, the country's foreign . Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (BDT bn), Government Overall Balance: Excluding Grants (BDT mn), Government Revenue & Foreign Grants (BDT mn), Government Debt: Domestic (DO): Net (BDT mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: Textile and Articles Thereof (BDT mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), Balance of Payment(BoP): USD: Current Account (CA) (USD mn), BoP: USD: CA: Primary Income: Debit (USD mn), BoP: USD: CA: Secondary Income: Official Transfers (USD mn), BoP: USD: CF: Financial Account: Portfolio Investment (PI) (USD mn), BoP: USD: CF: Financial Account: Foreign Direct Investment (USD mn), BoP: USD: CF: Financial Account: FDI: of which net inflow (USD mn), BoP: USD: CA: Secondary Income: Private Transfers (PT) (USD mn), BoP: USD: CF: Financial Account: Other Investment (OI) (USD mn), BoP: USD: CA: Trade Balance: Import F.O.B (USD mn), BoP: USD: CA: Primary Income: Credit (USD mn), BoP: USD: CF: Capital Account: Capital Transfers (USD mn), BoP: USD: CA: Trade Balance: Export F.O.B (USD mn), BoP: USD: Net Errors & Omissions (USD mn), International Investment Position (IIP): Net (BDT mn), Outstanding External Debt as Percentage of GDP (%), Foreign Exchange Reserves: Months of Import (NA), Bangladesh IUVI: WF: Textile Fabrics, Impreguated Coated Covered with Plastics (2002-2003=100), Bangladesh IUVI: Knitted Fabrics (KF) (2002-2003=100), Bangladesh IUVI: KF: Pile Fabrics, Terry Fabrics Knitted (2002-2003=100), Bangladesh IUVI: KF: Clastormeric Yarn to Rubber Thread (2002-2003=100), Bangladesh IUVI: KF: Others (2002-2003=100), Bangladesh IUVI: Second Hand Clothing (2002-2003=100), Bangladesh IUVI: Float Glass & Surface Ground or Polished Glass in Sheet (2002-2003=100), Bangladesh IUVI: Iron & Steel & Article Thereof (2002-2003=100), Bangladesh IUVI: Iron & Steel & Article Thereof: Iron & Steel (2002-2003=100), Bangladesh IUVI: Iron & Steel & Article Thereof: Articles of Iron & Steel (2002-2003=100), Bangladesh IUVI: Copper & Copper Articles (2002-2003=100), Bangladesh IUVI: Copper & Copper Articles: Refined Copper & Alloys Unwrought (2002-2003=100), Bangladesh IUVI: Copper & Copper Articles: Refined Copper Wire (2002-2003=100), Bangladesh IUVI: Aluminium & Articles Thereof: Unwrought Aluminium (2002-2003=100), Bangladesh IUVI: Aluminium & Articles Thereof: Aluminium Foil (2002-2003=100), Bangladesh IUVI: Steam & Vapour Generating Boiler (2002-2003=100), Bangladesh IUVI: Spark & Compression Ignition Combustion Engine & Parts (SC) (2002-2003=100), Bangladesh IUVI: SC: Spark Ignition Reciprocating Engine (2002-2003=100), Bangladesh IUVI: SC: Compression Ignition Internal Combustion Piston Engine (2002-2003=100), Bangladesh IUVI: SC: Parts of Engine (2002-2003=100), Bangladesh IUVI: Mechanical & Electrical Machineries Equipment & Parts (ME) (2002-2003=100), Bangladesh IUVI: ME: Turbo-jets, Turbo Propellers & Other Gas Turbines (2002-2003=100), Bangladesh IUVI: ME: Pumps for Liquids (2002-2003=100), Bangladesh IUVI: ME: Air or Vacuum Pumps, Air or Other Gas Compressors & Fans (2002-2003=100), Bangladesh IUVI: ME: Air Conditioning Machines (2002-2003=100), Bangladesh IUVI: ME: Refrigerators, & Other Refrigerating or Freezing Equipment (2002-2003=100), Bangladesh IUVI: ME: Machinery, Plant or Laboratory Equipment (2002-2003=100), Bangladesh IUVI: ME: Centrifuges, including Centrifugal Dryers (2002-2003=100), Bangladesh IUVI: ME: Dish Washing Machines incl Cleaning, Sealing, Labeling etc (2002-2003=100), Bangladesh IUVI: ME: Ships, Derricks, Cranes & Work Trucks filled with Crane (2002-2003=100), Bangladesh IUVI: ME: Other Lifting, Handling Loading or Unloading Machinery (2002-2003=100), Bangladesh IUVI: ME: Self Propelled Bulldozers, Graders-levelers, Road Rollers (2002-2003=100), Bangladesh IUVI: ME: Oth Moving, Grading, Leveling Scraping Excavating Machine (2002-2003=100), Bangladesh IUVI: Agriculture & Other Machinery (AM) (2002-2003=100), Bangladesh IUVI: AM: Agricultural, Horticultural or Forestry Machinery (2002-2003=100), Bangladesh IUVI: AM: Agricultural, Horticulatural, Forestry, Poultry-keeping (2002-2003=100), Bangladesh IUVI: AM: Machinery for Food or Drinks (2002-2003=100), Bangladesh IUVI: AM: Machine for Making up Paperpulp, Paper or Paperboard (2002-2003=100), Bangladesh IUVI: AM: Printing Machinery (2002-2003=100), Bangladesh IUVI: Textile & Sewing Machinery (TS) (2002-2003=100), Bangladesh IUVI: TS: Machines of Preparing Textile Fibres (2002-2003=100), Bangladesh IUVI: TS: Weaving Machines: Looms (2002-2003=100), Bangladesh IUVI: TS: Knitting Machines (2002-2003=100), Bangladesh IUVI: TS: Other Textile Auxiliary Machinery for Use with Machines (2002-2003=100), Bangladesh IUVI: TS: Washing Cleaning Wringing, Drying Ironing, Bleaching,Dying (2002-2003=100), Bangladesh IUVI: TS: Sewing Machines Domestic: Electric (2002-2003=100), Bangladesh IUVI: TS: Sewing Machines Other: Automatic (2002-2003=100), Bangladesh IUVI: Rulling Mills & Machine Tools (2002-2003=100), Bangladesh IUVI: Rulling Mills & Machine Tools: Metal Rolling mills & rolls (2002-2003=100), Bangladesh IUVI: Rulling Mills & Machine Tools: Drilling Boring Milling (2002-2003=100), Bangladesh IUVI: Data Processing Machine (Computer) (2002-2003=100), Bangladesh IUVI: Computer: Automatic Data Processing Machine & Unit (2002-2003=100), Bangladesh IUVI: Computer: Parts Data Processing Machines (2002-2003=100), Bangladesh IUVI: Machine for Sorting Screening, Washing Crushing, Oth Substance (2002-2003=100), Bangladesh IUVI: Machinery for Working Rubber or Plastics (2002-2003=100), Bangladesh IUVI: Machines & Mechanical Appliances (2002-2003=100), Bangladesh IUVI: Mould Box Base Pattern Rubber or Plastics (2002-2003=100), Bangladesh IUVI: Electric Generator & Transformer (GT) (2002-2003=100), Bangladesh IUVI: GT: Electric Motor Generator (2002-2003=100), Bangladesh IUVI: GT: Electric Generating Set & Rotary Converter (2002-2003=100), Bangladesh IUVI: GT: Electric Transformer Indicator Set (2002-2003=100), Bangladesh IUVI: Electric Accumulators including Separator (2002-2003=100), Bangladesh IUVI: Electrical Apparatus for Telephone Line or Telegraphy Line (2002-2003=100), Bangladesh IUVI: Computer Articles (2002-2003=100), Bangladesh IUVI: Computer Articles: Magnetic Disc Unrecorded Computer (2002-2003=100), Bangladesh IUVI: Computer Articles: Computer Disk Packs (2002-2003=100), Bangladesh IUVI: Transmission Reception Apparatus Other (2002-2003=100), Bangladesh IUVI: Television including Video Monitors, Projector (TV) (2002-2003=100), Bangladesh IUVI: TV: Colour TV in CKD Condition (2002-2003=100), Bangladesh IUVI: TV: Colour TV in CBU Condition (2002-2003=100), Bangladesh IUVI: TV: Black & White TV in CKD Condition (2002-2003=100), Bangladesh IUVI: Electrical Parts Thereof (EP) (2002-2003=100), Bangladesh IUVI: EP: Electrical Apparatus for Switching of Protect Electrical C (2002-2003=100), Bangladesh IUVI: EP: Boards, Panels, Consoles, Desks, Cabinets Other (2002-2003=100), Bangladesh IUVI: Electronic Integrated Circuit & Micro-assembles (2002-2003=100), Bangladesh IUVI: Insulated Wire Cable & Other Insulated Electric Conductors (2002-2003=100), Bangladesh IUVI: Electrical Insulator of any Material (2002-2003=100), Bangladesh IUVI: Tractors (2002-2003=100), Bangladesh IUVI: Tranport Scatting Capacity Ten or More (2002-2003=100), Bangladesh IUVI: Tranport Scatting Capacity > Ten: Motor Car & Station Wagon (2002-2003=100), Bangladesh IUVI: Tranport Scatting Capacity > Ten: Three Wheeled Vehicles (2002-2003=100), Bangladesh IUVI: Tranport Scatting Capacity > Ten: Truck, Pickup, Van (2002-2003=100), Bangladesh IUVI: Motor Cycle (2002-2003=100), Bangladesh IUVI: Bi-cycles (2002-2003=100), Bangladesh IUVI: Chips & Vessels (2002-2003=100), Bangladesh IUVI: Chips & Vessels: Cruise Ships, Excursion Boat & Similar Vessel (2002-2003=100), Bangladesh IUVI: Chips & Vessels: Vessels for Breakingup (2002-2003=100), Bangladesh IUVI: Medical Instruments (MI) (2002-2003=100), Bangladesh IUVI: MI: Appliances used in Medical Surgical Dental & Veterinary (2002-2003=100), Bangladesh IUVI: MI: X-ray Apparatus (2002-2003=100), Bangladesh IUVI: MI: Instruments & Apparatus for Physical or Chemical Analysis (2002-2003=100), Bangladesh IUVI: Gas, Liquid or Electricity Supply or Production Meter (2002-2003=100), Bangladesh IUVI: Prefabricated Building (2002-2003=100), Bangladesh IUVI: Buttons, Press Fasteners, Suap Fasteners etc (2002-2003=100), Bangladesh IUVI: Slide Fasteners & Parts (2002-2003=100), Bangladesh Exports: USD: Quarterly: Raw Jute (USD mn), Bangladesh Exports: USD: Quarterly: Jute Goods (USD mn), Bangladesh Exports: USD: Quarterly: Tea (USD mn), Bangladesh Exports: USD: Quarterly: Leather (USD mn), Bangladesh Exports: USD: Quarterly: Frozen Shrimps & Fish (USD mn), Cash Reserve Requirement and Statutory Liquidity Ratio, Financial System: Monetary Authorities: Annual, Financial System: Deposit Money Banks: Annual, Bangladesh Foreign Exchange Reserves was measured at 32.9 USD bn in Sep 2022, compared with 35.4 USD bn in the previous month, Bangladesh Foreign Exchange Reserves: USD mn data is updated monthly, available from Dec 1972 to Sep 2022, The data reached an all-time high of 44.6 USD bn in Aug 2021 and a record low of 42.5 USD mn in Aug 1974.
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