There is no data available for your selected dates. Bangladesh's central bank estimated foreign exchange reserves decreased from $44.96 billion in May 2021to $42.2 billion in June 2022. Cosmos Centre 69/1 New Circular Road, Malibagh, Dhaka-1217,Bangladesh. Bangladesh's foreign currency reserves have reached an all-time high of $48 billion. 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. These cookies are used to collect information about how you interact with our website and allow us to remember you. Available via annual subscription to one or more of CEICs global and premium databases. Bangladesh's foreign reserves have been falling, potentially undermining its ability to meet its loan obligations. Includes 207 key indicators for Bangladesh, curated by CEIC analysts. 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, , . 2022 | Copyright United News of Bangladesh. The country's trade deficit widened to a record $33.3 billion in the fiscal year ended June. Bangladesh Domestic Credit reached 177.8 USD bn in Aug 2022, representing an increased of 16.6 % YoY. Foreign Exchange Reserves in Bangladesh decreased to 36476.40 USD Million in September from 38945.50 USD Million in August of 2022. source: Bangladesh Bank 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Bangladesh Foreign Exchange Reserves And if we exclude the money provided from the reserve in various funds including the Export Development Fund (EDF), the usable foreign currency reserve Its Money Supply M2 increased 180.1 USD bn YoY in Aug 2022. After crisis-hit Sri Lanka left ACU, Bangladesh Bank asked banks to refrain from transactions with Sri Lanka in October. Despite bolstered efforts to boost exports and inward remittances, and to cut expenses, high import costs amid a global economic crisis due to the Russia-Ukraine war continued to increase pressure on the dollar reserves. 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. 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. It stood at $48 billion on August 24 last year. All rights reserved, Unlimited access tailored to your data needs. The country's Non Performing Loans Ratio stood at 9.0 % in Jun 2022, compared with the ratio of 8.5 % in the previous quarter. According to the data of Bangladesh Bank, forex reserves on Wednesday (September 21, 2022) stood at USD 36.90 billion, which was USD 37.08 billion last Monday. Rising commodity prices and a surge in imports in the second half of FY22 resulted in a widening Balance of Payments (BoP) deficit and accelerating inflation. 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. Entry level access to the CEIC platform for individual users. 2022 . Bangladesh increased fuel prices by over 50 per cent last week which was the highest increase since the country's independence in 1971. 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. Accord Fintech 0. Questions? Finance Minister AHM Mustafa Kamal hoped at the time the reserves would cross $50 billion by the end of 2021. Staff Correspondent. Email: newsdesk@unb.com.bd. Reserves fell to $34.47 billion after paying $1.35 billion to the Asian Clearing Union (ACU) from $35.72 billion last Thursday. On Thursday (October 20), 60 million dollars were sold to the banks from the foreign exchange reserves of the Bangladesh Bank. The rise continued and the reserves reached $48 billion in August 2021. Bangladesh Bank has been selling dollars from the reserves in continuation of last fiscal year to bring 'stability' to the forex market. On September 1, 2022, the forex reserves of Bangladesh were USD 39.05 billion. If you decline, your information wont be tracked when you visit this website. With the dollar reserves dwindling, the government and the central bank have taken a series of steps to rein in rising import costs, such as limiting the imports of non-essential goods. Sep 1998. Bangladesh's reserves have steadily declined across the year. BB officials said that high import payments were the main reason for the depletion of the forex reserve. . It also cut fuel purchase which is causing rolling power outages. May 6th, 2018. 24*7 News 0. USD values based on end data 'June-July' period. Bangladesh's foreign exchange reserves slipped to $39.48 billion as of July 27 from $45.7 billion a year earlier. 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 . After Aku pays $1.35 billion, the reserve will stand at $34.42 billion. The central bank also started to review applications for LCs to import goods worth more than $3 million to stop over-invoicing, through which fraudulent businesses smuggle money out of the country. 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. Current job openings: Download historical data for 20 million indicators using your browser. Forex reserves below $38 billion despite tightened imports. Full and unlimited access to CEIC data for multiple users. Set Up FREE . Oct 23 2022 Foreign exchange reserves fall to $35 billion Fri, Oct 21 2022 PM emphasizes on increasing trade and investment cooperation with Brunei . Sep 2021. Standard users can export data in a easy to use web interface or using an excel add-in. 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. . 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) In the first week of this month, the . Apo 0. More From This Category Pakistan vs Bangladesh - Live . Now the government hopes the effects of the measures will be visible in January 2023. 270.5. This website stores cookies on your computer. Ada Derana 0. Accommodation Times 0. Bangladeshs current reserves are enough to pay import bills for four months. Its Money Supply M2 increased 180.1 USD bn YoY in Aug 2022. "There is no problem even if the reserves fall to USD 38 billion in the current global context. The government of Bangladesh has announced the commemoration of 2020-2021 as the Mujib Year on the occasion of the centennial birth anniversary of the founding leader of the country, Sheikh Mujibur Rahman. In Bangladesh, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. Bangladeshis working abroad are expected to send huge money back home over the next three fiscal years helping the country's foreign currency reserve to hit USD 53.99 billion by the middle of 2023-24 fiscal year. Bangladesh Bank has been selling dollars from the reserves in continuation of last fiscal year to bring 'stability' to the forex market. They are sufficient to cover about 10 months' of imports for the country of 160 . White label accounts can distribute our data. Foreign Exchange Reserve data of Bangladesh Bank. The period of July-August saw import payments worth $12.7b which was $10.85b same time as the bygone year. Reserve Bank of India. 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). We made $1.3 billion ACU payments from the $35.77 billion reserves on Monday, said Bangladesh Bank spokesman Abul Kalam Azad. Many in Bangladesh fear that their country could face a similar situation, given the rising trade deficit and foreign debt burden. +1 (202) 335-3939. Instant access to full history data in excel. The Trading Economics Application Programming Interface (API) provides direct access to our data. 1998-2022. China is the world's second-largest economy among the top 10 countries in terms of foreign exchange reserves with $3,399bln foreign exchange reserves. According to the Bangladesh Bank, total foreign exchange reserves fell to . The government and the ADB opened initial discussions on at least four projects, including $250 million in loans for economic recovery . The . Officially, the "foreign exchange reserves of Bangladesh stood at only US$32.7 billion in June 2019. . Bangladesh imported goods worth $61.52 billion (58.48 billion . As of August 25 last year, the reserves were USD 48.60 billion. The latest Bangladeshi taka news. The dollar reserves were $33.4 billion in May 2020 before it rose past $36 billion the next month. 2021 CEIC Data, an ISI Emerging Markets Group Company. Jul 26, 2022, Updated Jul 26, 2022, 8:55 PM IST A fall in forex reserves in Bangladesh below $40 billion, enough to cover only about five months of imports, has forced the government to. 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. 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. A single cookie will be used in your browser to remember your preference not to be tracked. The amount dropped after the payment of $2.16 billion to the Asian Clearing Union in the current week for the month of January and February of the year 2022. Foreign exchange reserves declined as a result, reaching US$ 38.9 billion by the end of August 2022. 7.7. "Bangladesh has a good foreign currency reserve, there is no such possibility," Hamid said when asked if he thinks that Bangladesh is poised to face the same crisis as Sri Lanka. Needless to say, Bangladesh has never paid such an amount of ACUs bills before. 3. Oct. 22, 2022 (GLOBE NEWSWIRE) -- The sailing world has gathered in Monaco for the J/70 world championship. Russia is third with $592billion and India is fourth with $634billion. On September 1, 2022, the forex reserves of Bangladesh were USD 39.05 billion. On Sunday, the country's foreign . $32.28 billion (31 December 2016 est.) For the 2022 edition, more than 400 sailors from 23 nations and 90 boats are ready to go at sea and the . By international standards, a country must have at least three months' worth of foreign exchange reserves to cover import costs. Foreign loans approval by a Bangladeshi Company selling dollars from the $ 48 in! Top 10 list, held $ 217 billion in August 2021, the reserve has decreased by USD 11.5 in Fiscal year, the & quot ; foreign exchange reserves fell to declined across the year, curated by.. Set to make the next ACU payments in January 2023 economies standardised by CEIC used collect information Bangladesh Were the main reason for the 2022 edition, more than 10 months above Of 17 months visitors both discussions on at least four projects, including 250. Monthly | USD mn | CEIC data for 20 million indicators using browser. 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