DHAKA, Dec 24, 2025 (BSS) - Bangladesh's external sector demonstrated strong 
performance and resilience in November 2025 as foreign exchange reserves 
reached their highest levels of the year, reflecting improved external 
inflows and effective liquidity management. 

Remittance inflows were also at a peak, approaching US$ 2.9 billion, 
signaling robust overseas earnings and increased use of formal transfer 
channels, which supported foreign exchange availability and macroeconomic 
stability. 

Export earnings, driven primarily by the RMG sector, remained above US$ 3.0 
billion, contributing to overall external stability, while non-RMG exports 
stayed relatively modest but stable, said the December edition of the 
Economic Update and Outlook, released by the General Economics Division (GED) 
of the Planning Commission.

It said Bangladesh's overall inflation rose slightly in November 2025 despite 
a moderation in rice prices, while strong remittance inflows, rising foreign 
exchange reserves and stable exports supported external sector resilience. 

The report said the combined strength of rising reserves, high remittance 
inflows, and steady exports in November underscores a positive external 
sector outlook, although continued reliance on RMG exports highlights the 
importance of diversification for sustained resilience.

The foreign exchange reserves reached annual peak with enhanced external 
stability.

In November 2025, Bangladesh's foreign exchange reserves reached their peak 
levels for the year, with gross reserves at approximately US$ 32,335 million 
and BPM6 reserves at US$27,578 million.

This represents a continued upward trajectory from mid-2025, reflecting 
strong external inflows, including export earnings, remittances, and possible 
balance of payments support. 

The consistent gap between gross and BPM6 reserves highlights the 
conservative nature of BPM6, which excludes encumbered or non-readily usable 
assets, providing a more policy-relevant measure of usable reserves. The 
month-on-month increase from October to November indicates strengthened 
reserve adequacy, supporting macroeconomic stability and the central bank's 
capacity to manage external vulnerabilities. 

The high reserve level in November 2025, combined with robust remittance 
inflows and steady exports, underscores an improved external sector position 
for Bangladesh and signals enhanced resilience against short-term shocks.

The report said Bangladesh's export earnings reached approximately US$ 
3,891.6 million, showing a modest increase from October (US$3,823.9 million) 
and reflecting relative stability in the external sector In November 2025.

While export earnings experienced significant fluctuations, November Figure 
indicates a more stable phase, suggesting that seasonal disruptions and 
short-term shocks had eased. 

The steady export performance in November, supported largely by the ready-
made garments (RMG) sector, combined with strong remittance inflows and 
rising foreign exchange reserves, reinforces Bangladesh's external 
resilience. 

Although overall export levels remain below mid-year peaks, the November 2025 
outcome points to a gradual stabilization in external earnings, contributing 
positively to balance of payments management and macroeconomic stability.

In November 2025, Bangladesh's export earnings totaled approximately US$ 
3,891.6 million, with the ready-made garments (RMG) sector contributing US$ 
3,140.9 million and other exports accounting for US$ 750.6 million.

RMG exports remain the dominant driver of overall export performance, 
representing over 80% of total earnings, while non-RMG exports continue to 
play a smaller but relatively stable role.

The GED also launched a publication titled "Bangladesh State of the Economy 
2025," which analysed long-term patterns in economic indicators, enabled 
comparisons across periods, and provided a comprehensive review of the 
economy's performance over the past year, with a focus on economic reforms 
and recovery. 

When the interim government assumed power, it inherited a fragile economy 
affected by multiple shocks, including rising inflation, currency 
devaluation, declining foreign exchange reserves, deficits in both financial 
and current accounts, high non-performing loans, and lingering effects of 
macroeconomic mismanagement. 

The government has actively worked to restore macroeconomic stability through 
banking-sector discipline, exchange- rate stabilization, and inflation 
control, successfully stabilizing the economy, rebuilding confidence in the 
banking sector, and proposing long-term reform plans. 

The report provides an overview of the policies implemented and the economic 
responses observed, to help policymakers adopt short-term economic measures 
and corrective actions to achieve a more stable and resilient economy.

On the monetary front, bank deposits reached Taka 19,24,635.7 crore in 
October, registering a year-on-year growth of 9.62 per cent, reflecting 
sustained depositor confidence. 

Credit growth moderated, with public sector credit growth slowing to 21.43 
per cent and private sector credit growth easing slightly to 6.23 per cent. 
Total domestic credit growth decelerated to 9.62 per cent in October. 

Weighted average interest rate (WAIR) spreads varied across banking groups. 
Foreign commercial banks recorded the highest spread at 8.88 per cent, while 
specialised and development banks posted the lowest at 3.37 per cent. 

State-owned and private commercial banks showed similar spreads of around 5.6 
per cent, a level the GED said is desirable for improving banking sector 
efficiency. 

Revenue collection by the National Board of Revenue (NBR) fell short of the 
monthly target in November 2025, although it posted double-digit year-on-year 
growth. 

The report said Annual Development Programme (ADP) utilisation improved year-
on-year during July-November of FY2025-26.