Friday, 29 November, 2024
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Publish: 20:27, 13 Jul, 2023

Foreign exchange reserves stands at $23.57 billion according to IMF formula

Online Desk
Foreign exchange reserves stands at $23.57 billion according to 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.

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

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.

Bd-pratidin English/Lutful Hoque

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