Bangladesh's foreign exchange reserves have seen a positive growth following the receipt of loan instalments from the International Monetary Fund (IMF) and other global lenders.
Bangladesh Bank confirmed on Tuesday that expendable reserves have now surpassed $16 billion, with gross reserves totalling around $26 billion.
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Md. Mezbaul Haque, spokesperson for the central bank, told UNB that as of June 30 this year, Bangladesh’s net international reserve (NIR) or expendable reserve stands at $16 billion.
In August 2021, Bangladesh’s reserves peaked at $48 billion. By the end of the fiscal year 2023-24, on June 30, reserves were recorded at $26.82 billion. According to the IMF’s BPM-6 accounting method, the reserves now amount to $21.84 billion.
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Additionally, another account of Bangladesh Bank’s net or actual reserves is provided exclusively to the IMF and not publicly disclosed.
The central bank has officially announced that the reserves have increased by more than $2 billion after receiving loan assistance.