DHAKA, April 7 (Xinhua) -- Bangladesh's foreign exchange reserves reached nearly 30 billion U.S. dollars by the end of March this year, the latest central bank data showed.
According to the International Monetary Fund (IMF) calculation method, the country's foreign exchange reserves stood at 29.81 billion dollars on March 31.
The Bangladesh Bank said the gross reserves amounted to 34.43 billion dollars at the end of March.
Reserves calculated under the IMF's Balance of Payments and International Investment Position Manual are immediately usable, while gross reserves are usable subject to the liquidation of investments.
Officials said Bangladesh is in a position to cover around five months of import bills with the existing reserves, which are sufficient to help the central bank's efforts in keeping the country's foreign exchange market stable.
Bangladesh's gross foreign exchange reserves hit an all-time high of 48 billion dollars in August 2021. ■
