Forex reserves cross $26b: BB

Bangladesh’s foreign exchange reserves have crossed US$26 billion as the International Monetary Fund (IMF) has provided $1.15 billion loans and other lenders provided $900 million.

Bangladesh Bank (BB) Executive Director and Spokesperson Mezbaul Haque informed that provisional reserve figure is around $26.5 billion, reports BSS.

“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.