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Forex reserves now $43b

Published : Thursday, 31 December, 2020 at 12:00 AM  Count : 350

The country's foreign exchange reserves on Wednesday hit a new record of $43.17 billion thanks to the upward trend of remittance and lower import payments, Bangladesh Bank data showed.
The reserves, one of the major macroeconomic indicators of an economy, touched the $41 billion mark on October 28 and rose to
$42 billion on December 15.
In December last year, the reserves stood at $32.68 billion.
Between July and November, remittance earnings rose to $10.90 billion, up 41.32 percent year-on-year.
At the same time, imports decreased by 8.84 percent to $20.24 billion, and exports grew by 0.86 percent to $15.52 billion. Agencies

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