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reserve

IMF lauds reserve build-up by BB

The International Monetary Fund (IMF) has welcomed the increase in foreign exchange reserves by the Bangladesh Bank (BB). "The accumulation of reserves is considered a central objective of the IMF-supported programme, particularly given that the country continues to face balance of payments pressures," said Thomas Helbling, deputy director of the IMF's Asia and Pacific Department. Responding to a question at a press briefing in Hong Kong on Friday on Asia-Pacific economic developments, he said that the goal ...

Reserve reaches to $25b with record remittance

Foreign currency reserves have crossed US$25 billion mark before the end of March, thanks to a record inflow of remittances this month.

The country's gross reserves have risen to $25.44 billion, according to data released by the Bangladesh Bank (BB) Thursday night.

The surge came after a significant increase in remittance inflows, which reached $2.94 billion in the first 26 days of March, the highest for any month in the country's history. However, as ...

Trump inks executive order to form ‘Strategic Bitcoin Reserve’

US President Donald Trump signed an executive order Thursday for establishing a "Strategic Bitcoin Reserve," forcefully endorsing a currency once shunned as a tool for money launderers. The government stockpile, which backers liken to a "digital Fort Knox," will be composed of digital currency seized in US criminal proceedings, said David Sacks, the White House's crypto "czar," emphasizing in a social media post that Thursday's move made good on a Trump campaign promise. The use of these assets "means it will not cost taxpayers a dime," Sacks said in a post on X. "The purpose of the Stockpile is responsible stewardship of the government's digital assets under the Treasury Department."

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