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Bangladesh's gross forex reserve stands at $26.88bn

 Published: 11:11, 3 July 2024

Bangladesh's gross forex reserve stands at $26.88bn

Bangladesh's gross foreign currency reserve has stood at $26.88 billion, according to an official data from Bangladesh Bank.

The Net International Reserves (NIR) of Bangladesh, however, now stands at $16.77 billion, surpassing the $14.7 billion target set for June by the International Monetary Fund (IMF).

"Today's gross reserve is $26.88 billion. NIR is $16.77 billion," said Bangladesh Bank (BB) Spokesperson Md Mezbaul Haque.

Bangladesh surpassed the IMF target first time since the multilateral lender's $4.7 billion loan package was approved in February, 2023.