Bangladesh’s foreign exchange reserves now $23.57 billion as per IMF formula
Headline:
PWD engineer suspended over embezzlement
Narayanganj, Munshiganj to face severe low gas pressure for 21 hours
Road crash leaves biker dead, another injured in Khagrachhari
Xi Jinping seeks stable China-US ties, signals cooperation with Trump

Bangladesh’s foreign exchange reserves now $23.57 billion as per IMF formula

BB accepts the global standards of reserves counting
Bangladesh’s foreign exchange reserves now $23.57 billion as per IMF formula


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.

Read: No scope to hold ‘acceptable polls’ under AL govt: BNP tells Canadian envoy

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

Read: Heard a ‘strong commitment’ from PM, ministers in support of free, fair, peaceful elections in Bangladesh: Uzra Zeya

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.

Subscribe UNB YouTube Channel