Reserves raise again to $30 billion

Date:

Post View:

Reserves raise again to $30 billion

The foreign exchange reserves of the country have once again surpassed $30 billion, as stated by Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank.

Based on the latest figures released by the central bank on Thursday (July 24), the foreign exchange reserves are reported to be $34.5 million or $30 billion.

Arif Hossain Khan mentioned that in accordance with the international standard Balance of Payments and International Investment Position Manual (BPM-6), the reserves amount to $24,988,240,000, which is approximately $25 billion. Furthermore, according to the calculations of Bangladesh Bank, the country’s reserves have once again exceeded $30 billion.

Previously, as of July 3 of this year, the total reserves in the country were recorded at $31.57 billion, while according to BPM-6, it was $26.51 billion. At that time, the usable reserves were over $20 billion.

However, in early July, Bangladesh Bank disbursed $2.02 billion to members of the Asian Clearing Union (ACU). By the end of July 16, the reserves had decreased to $29.53 billion. According to BPM-6, the reserves at that point were $24.46 billion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

The 53rd Meeting of the Board of Directors of Standard Bank Securities held

The 53rd meeting of the Board of Directors of...

Central Insurance held half yearly managers’ conference – 2026

Central Insurance PLC. Half Yearly Managers’ Conference - 2026...

Al-Arafah Islami Bank Receives IAIILC Prestige Award

Al-Arafah Islami Bank PLC has been honored with the...

Stocks rebound after three-day slide as mutual funds lead rally

Bangladesh's stock market rebounded on Monday after three consecutive...