Bangladesh’s gross foreign exchange (forex) reserves crossed US$37 billion-mark on Monday after receiving around $700 million loans from different development partners.
The country’s gross forex reserves rose to $37.05 billion on the day from $36.31 billion of the previous day as disbursement of the fund by the development partners, officials said.
As per the International Monetary Fund (IMF)’s Balance of Payments International Investment Poisson Manual-six edition, generally known as BMP6, the forex reserves rose to $32.48 billion during the period under review from $31.74 billion, according to the central bank’s latest data.
Earlier on June 14 last, the country’s gross forex reserves rose to $36.10 billion from $35.80 billion of the previous day as disbursement of a fund worth $320 million by the Japan International Cooperation Agency (JICA).