The country’s foreign currency reserves have continued to fall, declining by $50.78 million in the week to 5 June, overshadowing the government’s budget promises of boosting the central bank stash.

The reserves stood at $18.72 billion on 29 May, but fell to $18.67, the Bangladesh Bank data says, even as remittance inflow likely stayed elevated ahead of Eid-ul-Adha.

The government in its proposed budget for the upcoming fiscal year estimated that the forex reserves will hit $32 billion by 1 July 2025, but the goal seems highly unlikely to be met.

Ruling party leaders often point to global turmoil for the fluctuations in US dollar rate, leading to falls in the foreign currency reserves.

However, abrupt policy changes and poor forex market management are also to blame, according to experts.