Despite relaxed conditions for net reserves by the International Monetary Fund (IMF), Bangladesh could not meet the foreign exchange reserves target at the end of 2023. According to the IMF loan documents, the actual reserves were supposed to be USD $17.78 billion at the end of December 2023. However, as the
Tag: forex reserve
Forex reserves rise to $25.82b
Bangladesh's gross foreign currency reserves have increased to US$25.82 billion, but as per Balance Of Payments and International Investment Position Manual (BPM6), the amount is $20.41 billion. Bangladesh Bank (BB) Executive Director and Spokesperson Md Mezbaul Haque today shared the information during a media briefing at the central bank headquarters in
Forex reserve up $30b after receiving WB loan
Bangladesh's foreign exchange reserve has increased to $30.36 billion which was $29.78 billion just a day ago. "Currently the country's reserves amount to $30.36 billion. Which was $29.78 billion a day ago. Bangladesh received $507 million as budget support from the World Bank," said Bangladesh Bank spokesperson Mezbaul Haque on Wednesday
None can chew up forex reserve, it’s for people: PM
Country’s forex reserve falls to $37.27b
The country’s foreign exchange reserve fell to US$37.27 billion from $38.94 billion on Thursday after making a payment worth $1.73 billion to the Asian Clearing Union (ACU) for the month of July and August 2022, official sources said. Bangladesh made the last ACU payment worth $1.96 billion on July 12 for
IMF loan to stabilize forex market, reserve
Bangladesh is expecting around USD $4.5 billion loan from the International Monetary Fund (IMF) as a precautionary measure and stabilising foreign exchange reserves. In the wake of a record $30.86 billion trade deficit, remittance inflow falling by 15.12 per cent and current account deficit of $17.23 billion in the recently concluded
BB struggles to meet growing demand for USD
Bangladesh Bank (BB) is struggling to meet growing demand for the US dollar amid a sharp rise in post-pandemic economic activities. The number of credit bonds or LCs for importing goods is increasing unusually. In the first nine months of the current FY 22 (July-March), traders have opened LCs worth