DHAKA, Feb. 5 (Xinhua) -- Bangladesh's foreign exchange reserves reached more than 28 billion U.S. dollars in January, data from the central bank showed on Thursday.
According to the International Monetary Fund (IMF) calculation method, the country's foreign exchange reserves stood at 28.68 billion dollars on Jan. 29, the last working day of the month.
The Bangladesh Bank said the gross reserves amounted to 33.18 billion dollars at the end of January.
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. ■