Forex Reserves Surge Past $30.84 Billion

Date:

Post View:

Forex Reserves Surge Past $30.84 Billion

The nation’s overall foreign exchange reserves have risen even further. The reserve is now worth 30.84 billion dollars, or 30,835.25 million dollars.

On Thursday, August 14, Arif Hossain Khan, the executive director and spokesperson for Bangladesh Bank, verified this information.

Spokesperson Arif Hossain Khan announced that the nation’s foreign exchange reserves currently amount to 30,835.25 million dollars, which is approximately 30.84 billion dollars. According to the International Monetary Fund (IMF) accounting framework BPM-6, the reserves are now recorded at 25,827.30 million US dollars, or 25.83 billion dollars.

Previously, on August 10, the foreign exchange reserves of the country were 30,248.11 million dollars, roughly 30.25 billion dollars. As per the IMF’s BPM-6 accounting system, these reserves were noted at 25,232.33 million US dollars, equivalent to 25.23 billion dollars.

On August 4, the gross reserves of the country were reported to be $30 billion, while the reserves according to the IMF’s BPM-6 accounting system stood at $24.98 billion. Earlier, on July 24, the gross reserves were $30,004.50 million, and the reserves as per the IMF’s BPM-6 accounting system were $24,988.24 million.

Net reserves are determined based on the IMF’s BPM-6 criteria. The net or actual reserves are calculated by deducting short-term liabilities from the total reserves of the country.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Community Bank & Nagad forge strategic partnership

Community Bank Bangladesh PLC. has entered into a...

Odommo Guardian’: A celebration of dedication and sales excellence

Odommo Guardian’: A celebration of dedication and sales excellence ...

Southeast Bank holds 797th Board Meeting

The 797th meeting of the Board of Directors of...

Prime Bank’s ‘Empowering Youth Season 2.0’ session held at Khulna University

Prime Bank PLC organised a seminar titled “Financial Inclusion:...