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Gross forex reserves cross $24b: BB

Greenwatch Desk Banking 2024-12-23, 10:38pm

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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.