Dhaka, Feb. 5 -- The International Monetary Fund (IMF) has set a floor cap for Bangladesh's forex reserves in June later this year, in line with its BPM6 definition.

Bangladesh will have to maintain net international reserves of at least $24.46 billion, in quantitative performance criteria (QPC) of its $4.7 billion loan programs approved last week to Bangladesh to help maintain its macroeconomic stability.

The net international reserves are gross reserves minus central bank's foreign currency liabilities and reserves earmarked for quasi-fiscal activities.

In December this year the reserve position must stand at least at $26.81 billion, both the figures will be checked in the first two reviews.

Bangladesh does not publish BPM6-based fo...