BD gross forex reserves cross $26b with greenback buys
Dhaka, March 6 -- Bangladesh's foreign-currency reserves show a robust rebound with the central bank having booked around US$1.0 billion from commercial banks in just seven days of deals under the currency-swap window, officials said.
With the rising sales of the American greenback by the cash-strapped scheduled banks, the gross volume of forex reserves in Bangladesh Bank's calculation rose to $26.17 billion as on March 05, from $25.16 billion recorded on February 19, a day before the taka-dollar swapping came into effect.
In accordance with IMF's BPM6 arithmetic, the gross reserves rose to $20.98 billion until Tuesday last from the February-19 count of $19.97 billion.
According to BB statistics, the currency swap officially started on...
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