Bangladesh Bank Governor Dr. Ahsan H Mansur announced on Wednesday that the country’s foreign exchange reserves are projected to reach $40 billion by the end of the year.
Speaking at the Bangladesh Secretariat, Dr. Mansur outlined an optimistic outlook for the nation’s financial health, anticipating that reserves will surpass $35 billion this month, establishing a stronger base for the future.
The Governor acknowledged that the banking and financial sectors have historically struggled with significant irregularities, which will take time to fully resolve. Nevertheless, he expressed confidence in the reform initiatives currently underway by the interim government. He noted that while “The fragility of the economy has not been entirely eliminated yet, the situation is moving toward stability,” and voiced hope that the future elected government will continue these vital reform activities.
Regarding inflation, Dr. Mansur stated that the central bank remains committed to achieving the 7 percent target through sustained policy efforts, even though it has not yet been met. Containing price pressures remains a priority, with measures actively in place to stabilize the overall macroeconomic environment.
Dr. Mansur emphasized that the incoming government must adopt effective strategies to stimulate both domestic and foreign investment, deeming it essential for long-term economic growth and job creation.
These remarks come as the central bank has ceased selling US dollars from its reserves to commercial banks. This strategic measure is intended to allow the reserve stockpile to increase organically through higher remittance inflows and stronger export earnings. The projected growth in reserves signals improved external sector stability, which is expected to bolster Bangladesh’s capacity to manage external obligations and support economic development initiatives in the coming months.
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