DHAKA, June 15 (Xinhua) -- Bangladesh's gross foreign exchange reserves rose to 35.63 billion U.S. dollars on Sunday after the country received more than 1 billion U.S. dollars in budget support loan from the Asian Development Bank (ADB), the latest central bank data showed.
According to the International Monetary Fund (IMF) calculation method, however, Bangladesh's forex reserves increased to 31.08 billion dollars on Sunday after the release of 1,000.50 million dollars from the Manila-based lender, the Bangladesh Bank (BB) said.
Reserves calculated under the IMF's Balance of Payments and International Investment Position Manual are immediately usable, while gross reserves are usable subject to the liquidation of investments.
A senior BB official who declined to be named said Bangladesh is now in a position to cover around six months of import bills with the existing reserves, which are sufficient to help the central bank's efforts in keeping the country's foreign exchange market stable. ■
