Bangladesh’s foreign exchange reserves have reached the $22 billion mark after several months, thanks to an increased inflow of foreign currency generated by remittances and export earnings.
As per the International Monetary Fund’s (IMF) calculation method, forex reserves stood at $22.04 billion on Wednesday, up from $21.41 billion a week earlier, as per the central bank’s latest data.
For all latest news, follow The Daily Star’s Google News channel. However, gross forex reserves as per the central bank’s calculation stood at $27.41 billion, up from $26.76 billion a week earlier.
The rising trend in remittances and export earnings has boosted the forex reserves, said central bank officials.
Remittance inflow hit $3.29 billion in March, the highest in any single month in the history of Bangladesh.
The country received $2.61 billion in remittances during the first 29 days of April, according to Bangladesh Bank data.
