Forex reserves cross $24b: BB

Forex reserves cross $24b: BB

Bangladesh foreign exchange reserves have crossed $24 billion.
"According to the latest data, foreign exchange reserves amount to $24.3 billion. It is close to $20 billion according to the BPM-6 calculation standard of the IMF," said Bangladesh Bank (BB) spokesperson Husne Ara Shikha in a video message here today.
Net reserves are calculated according to the International Monetary Fund BPM-6 measure. Subtracting short-term liabilities from gross or total reserves gives the amount of net or actual reserves.
The central bank published the information on reserves from July 2023 after the IMF loan approval.