News update
  • Bus plunges into Padma from pontoon at Daulatdia     |     
  • Tree logging in Bangladesh has fallen in last two years: Study     |     
  • Unsafe Food Kills 1.5 Million Yearly, WHO Warns Report     |     
  • Masud Khan Appointed New BSEC Chairman in Shake-up     |     
  • Verdict in Ramisa rape-murder case on June 7      |     
  1. Home
  2. Banking
  3. Bangladesh’s foreign exchange reserves now $23.57 billion

Bangladesh’s foreign exchange reserves now $23.57 billion

GreenWatch Desk Banking 2023-07-13, 9:29pm

ikajw0mfshkkalecehcvy70rzrjs3xibkliuixfc-e912b0b0457316081592012eac29937c1689262142.jpg




Bangladesh Bank (BB) has finally accepted the formula prescribed by the International Monetary Fund (IMF) in calculating foreign exchange reserves that stood at $23.57 billion on Thursday.

However, according to the Bangladesh Bank's calculations on Wednesday the reserve was $29.97 billion.

One of the conditions for the IMF's $4.7 billion loan to Bangladesh was to release the reserve account by June as per a model called BPM-6.