May 16, 2024 10:14 PM

Fluctuating forex reserve stir market instability and price hikes in Bangladesh

Amidst a backdrop of fluctuating foreign exchange reserves, Bangladesh Bank has been employing varied methodologies to calculate the nation’s reserves, unveiling differing figures. Traders and consumers alike have responded to these variations with increased apprehension, leading to price surges across various commodities. As per the central bank’s latest figures, the total reserves stood at $23.77 billion as of May 14. The International Monetary Fund’s (IMF) method, however, records the...