Forex Reserves Surge Past $30.84 Billion

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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.

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