The falling foreign exchange reserves and the ever-rising defaulted loans are very concerning for the economy, and the government should respond fast to avoid a looming crisis, eminent economist Prof Rehman Sobhan said yesterday.
The economist says at Sanem event
Bangladesh’s foreign currency reserves would be less than $18 billion if the central bank's liabilities are considered, according to Zahid Hussain, a former lead economist of the World Bank's Dhaka office..The central bank is regularly publishing its gross foreign reserves in line with the
Bangladesh’s net foreign currency reserves would be less than $18 billion if the central bank’s liabilities are considered, said Zahid Hussain, a former lead economist of the World Bank's Dhaka office, today.
Bangladesh’s foreign currency reserves stood at $23.56 billion today as per the definition of the International Monetary Fund (IMF), the central bank said today.
