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The central bank’s foreign currency reserve has crossed $21 billion, setting a new record.
Bangladesh Bank Forex Reserve and Treasury Management Division’s General Manager Kazi Saidur Rahman told bdnews24.com that the reserve was $21.03 billion at the end of Monday.
He said the reserve was boosted by a spurt in remittance flow and decline in import costs.
The remittance flow has already reached $60 billion this month, and expatriates are likely to send more money home ahead of the Eid-ul-Fitr.
On April 10, the reserves first went above the $20 billion mark.
After paying a $1.17 billion import bill to Asian Clearing Union on May 8, the reserves were down to $19.4 billion but has steadily risen since.
According to central bank records, the last high, on May 6, was $20.57 billion.
source: Forex reserve shoots past $21bn -
bdnews24.com
Bangladesh Bank Forex Reserve and Treasury Management Division’s General Manager Kazi Saidur Rahman told bdnews24.com that the reserve was $21.03 billion at the end of Monday.
He said the reserve was boosted by a spurt in remittance flow and decline in import costs.
The remittance flow has already reached $60 billion this month, and expatriates are likely to send more money home ahead of the Eid-ul-Fitr.
On April 10, the reserves first went above the $20 billion mark.
After paying a $1.17 billion import bill to Asian Clearing Union on May 8, the reserves were down to $19.4 billion but has steadily risen since.
According to central bank records, the last high, on May 6, was $20.57 billion.
source: Forex reserve shoots past $21bn -
bdnews24.com