Forex reserves cross $27b, Bangladesh Bank claims

BSS

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Foreign exchange reserves of the country have crossed US$27 billion as the International Monetary Fund (IMF) has provided $1.15 billion loan and other lenders provided  $900 million, according to Bangladesh Bank.

Talking to BSS, Bangladesh Bank (BB) Executive Director and Spokesperson Mezbaul Haque said that the final position of gross reserve as on June 27 is $27.15 billion.

"We have received $1.15 billion from the IMF. We also received around $900 million from other sources like South Korea, International Bank for Reconstruction and Development (IBRD), and Islamic Development Bank (IDB)," he said.

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