Bangladesh's gross foreign currency reserves has stood at US$29.97 billion, but as per Balance Of Payments And International Investment Position Manual (BPM6), the amount is $23.57 billion, according to official data from the central bank.
The $23.57 billion amount is equal to Bangladesh's four months' import bills.
The excluded elements include foreign currency loans to local banks - the Export Development Fund, deposits with state-owned local banks, deposits with the IDB Group, fixed-income securities below investment grade, a loan to Sri Lanka, and other foreign currency assets in non-convertible currencies.
