Monday, 24th June, 2024
Monday, 24th June, 2024

Forex reserve crosses $43b-mark

Bangladesh’s foreign exchange (forex) reserve crossed US$43 billion-mark for the first time in the history of the country on Wednesday following lower import payment obligations and higher growth of inward remittance.

The forex reserve rose to $43.17 billion on the day, setting a new record, from $42.82 billion of the previous working day, according to the central bank’s latest data.

It was $42.09 billion on December 15 this year.

“Our forex reserve has crossed the $43 billion-mark mainly due to lower import payment pressure on the economy and higher inflow of inward remittance in the recent months,” Kazi Sayedur Rahman, deputy governor of the Bangladesh Bank (BB), told the FE.

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