The country’s net reserve now stands at $16 billion, surpassing the $14.7 billion target set for June by the International Monetary Fund (IMF), said the Bangladesh Bank (BB).
However, the gross foreign currency reserve has stood at $26.815 billion, but as per the Balance of Payments and International Investment Position Manual (BPM6), the amount stood at $21.838 billion, it said.
Earlier on 26 June, the amount was $19.4 billion, BB Spokesperson Mezbaul Haque, told journalists on Tuesday, Daily Sun reports.
Bangladesh surpassed the IMF target for the first time since the multilateral lender’s $4.7 billion loan package was approved in February last year.
bd-pratidin/GR
