The Bangladesh Bank said on Thursday that the country’s actual foreign exchange reserves currently total USD 23.56 billion.
The amount is less than the previously predicted total FX reserve of USD 29.97 billion by USD 6.4 billion.
According to the International Monetary Fund (IMF), some funds that had previously been awarded were excluded from the most recent estimate.
One of the major requirements that the IMF set while approving a USD 4.7 billion loan in favor of Bangladesh in January was the publication of the true data of foreign exchange reserves.
In response, the Export Development Fund (EDF), Long Term Fund (LTF), and Green Transformation Fund (GTF) have been taken out of the actual reserve by Bangladesh Bank.
Additionally, the money that were paid to Sonali Bank for Bangladesh Biman’s aircraft purchases and those designated for the Payra port’s Rabnabad canal excavation project were not taken into account for calculating reserves.
The anticipated reserves have been reduced by a total of USD 6.4 billion.
