The Bangladesh Bank injected $12.79 billion into banks from its reserves in the just-concluded 2023-24 fiscal year as banks combatted a severe US dollar crisis which hampered import payments.
The central bank has shared data of the net international reserves (NIR) of Bangladesh for the first time.
Bangladesh is hoping to get $5.5 billion from the International Monetary Fund and the World Bank as budget support, which will help the country shore up its depleting foreign currency reserves.
The central bank has shared data of the net international reserves (NIR) of Bangladesh for the first time.
The Bangladesh Bank injected $12.79 billion into banks from its reserves in the just-concluded 2023-24 fiscal year as banks combatted a severe US dollar crisis which hampered import payments.
Bangladesh is hoping to get $5.5 billion from the International Monetary Fund and the World Bank as budget support, which will help the country shore up its depleting foreign currency reserves.
