Bangladesh's net forex reserve reaches 16 bln USD

DHAKA, July 2 (Xinhua) -- The net reserve of Bangladesh now stands at 16 billion U.S. dollars, surpassing the 14.7 billion U.S. dollars target set for June by the International Monetary Fund (IMF), according to the Bangladesh Bank.

Meanwhile, the gross reserve as of the end of June was 21.83 billion dollars, up from 19.4 billion dollars on June 26, according to the Balance of Payments and International Investmen