B Mirror Desk : Dr. Ahsan H. Mansur, the governor of the central bank, stated that the nation’s foreign exchange reserves are expected to surpass $40 billion. He made this statement on Wednesday, May 21, during a gathering hosted by the Policy Research Institute (PRI).
According to the governor, microloans with an interest rate of 26% won’t be able to endure. Small loans with high interest rates will eventually be removed from the market if they are unable to compete. This is because customers are receiving loans from agent bank branches at half the interest rate.

He predicted that the reserves will reach $27–30 billion the next month. Reaching the goal of $40 billion will require time.

The nation’s gross reserves as of this month’s 19th are $25,444.43 million, according to the Central Bank’s most recent figures. Additionally, the reserves are currently $20,759 million based on the International Monetary Fund’s (IMF) BPM-6 accounting technique.