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Forex reserves to rise to $30 billion by June

Bangladesh Bank says
Photo: Collected
Bangladesh Bank says

 

Bangladesh's foreign exchange reserves will rise to approximately $30 billion at the end of June this year, said the central bank today.

Forex reserves stood at $29.9 billion as of June 12 this year, including the export development fund and other foreign assets, down from $41.8 billion recorded at the end of June 2022, according to the Bangladesh Bank data.

The banking watchdog said the current level of international reserves is still equivalent to approximately 5 months of imports. This exceeds the standard benchmark of three months' import coverage, indicating the country's relatively strong reserve position.

The central bank said the projected growth of reserves to $30 billion further strengthens the country's capacity to withstand external shocks and meet its financing obligations promptly.

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আওয়ামী লীগকে নিষিদ্ধ করার পর আরেকটা যুদ্ধ পরিস্থিতি তৈরি হয়েছে: প্রধান উপদেষ্টা

ড. ইউনূস আরও বলেছেন, আমি যতদিন আছি দেশের কোনো অনিষ্ট হবে এমন কোনো কাজ আমাকে দিয়ে হবে না নিশ্চিত থাকেন।

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