Forex reserve crosses record $46 billion
The country's foreign exchange reserve has hit a new record of $46 billion due to the upward trend of remittance and lower import payments.
According to data from the Bangladesh Bank, the reserves stood at $46.082 billion as of June 28.
From June 1-28, this year, $1.75 billion remittances came to the country, which was $1.65 billion in the same period of last year.
The growth of the reserves from July 1 last year to June 28 this year went up by 36.40 per cent to $24.589 billion in compared to the same period of the previous year.
It was $18.031 billion from July 1, 2019 to June 28, 2020, the central bank data shows.
The foreign exchange reserve had earlier set a new record of $45.1 billion on May 3 this year.
Central bank officials said the reserves are increasing as the foreign exchange coming into the country is not being spent on importing goods.