Friday, April 11, 2025
News update
- ‘With Science, We Can Feed the World of 9.7 Billion by 2050′ |
- WHO warns of severe disruptions to health services for funding cuts |
- ICJ hears Sudan’s case accusing UAE of ‘complicity in genocide’ |
- Bombardment, deprivation and displacement continue in Gaza |
- Aged and Alone: The hidden pains in old age homes |
Gross forex reserves cross $24b: BB
Greenwatch Desk
Banking
2024-12-23, 10:38pm
Bangladesh's gross foreign exchange reserves have crossed US$24 billion.
According to the latest data, foreign exchange reserves amount to $24.8 billion US dollars.
But, the reserve is over $20 billion according to the BPM-6 calculation standard of the IMF, said Bangladesh Bank (BB) spokesperson Husne Ara Shikha in a message here today.
Net reserves are calculated according to the International Monetary Fund's (IMF's) BPM-6 measure. Subtracting short-term liabilities from gross or total reserves gives the amount of net or actual reserves, reports BSS.