Bangladesh`s forex reserve crosses $46b mark...

Dhaka, Friday   24 September 2021

Bangladesh`s forex reserve crosses $46b mark

 Economy Desk

 Published: 09:21 PM, 29 June 2021  

Bangladesh`s forex reserve crosses $46b mark

Bangladesh`s forex reserve crosses $46b mark

Bangladesh's foreign exchange (forex) reserve crossed the $46 billion mark for the first time on Tuesday following lower import payment obligations and higher growth of inward remittance.

The forex reserve rose to $46.08 billion on the day, setting a new record, from $45.46 billion of the previous record, according to Bangladesh Bank's latest data.

Bangladesh Bank said in a report that from July to June 28 of the current financial year, the expatriates have sent $2,459 crore which is $656 higher compared to the same time of the previous year ($1603 crore). As a result, remittances have increased by 36.37 percent. In the last financial year, the growth in remittances was 10.6 percent.

According to Central Bank report, the country's reserves crossed $45 billion marks for the first time on May 3, 2021. On the same day, the reserves increased to $45.10 billion. On February 24 this year, the reserve was $44.02 billion. Earlier, the reserves had crossed $43 billion on December 30, $42 billion on December 15, and $41 billion on October 28. In October 2020, the country's reserves exceeded $40 billion marks.