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Forex reserves hit $20b

Forex reserves hit $20b

Foreign currency reserves continued its record growth to reach $20 billion yesterday, thanks to weak import demand, private sector companies taking foreign loans on low interest, and the central bank's initiatives to keep the exchange rate stable. Bangladesh has achieved the feat though exports and remittances, the two main drivers of foreign currencies inflow,...

Forex reserve exceeds $20bn

Forex reserve exceeds $20bn

Foreign currency reserve continued its record growth to reach $20 billion today on the back of a modest growth in remittances and exports and a fall in imports. This was the first time in the history that the reserves have surged past the $20 billion mark, which placed Bangladesh second only to India in...

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