The International Monetary Fund (IMF) formula was adopted by Bangladesh Bank (BB) in order to calculate foreign exchange reserves, which were $23.57 billion on Thursday.
However, the reserve was $29.97 billion as of Wednesday`s computations by the Bangladesh Bank.
One of the requirements for Bangladesh`s $4.7 billion IMF loan was that the reserve account be released by June in accordance with the BPM-6 model.
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