Staff Correspondent:

Bangladesh’s foreign exchange reserves are expected to rise to $30 billion next month, says the Bangladesh Bank Governor Dr Ahsan H Mansur.

“We have a target of increasing the reserves to $40 billion, but that will take time,” he said on Wednesday (May 21) during a programme organised by the Policy Research Institute (PRI) in Dhaka.

The country’s foreign exchange reserves stood at $25.44 billion as of May 19.

However, under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual (BPM6), the reserves are currently $20.76 billion.