Forex reserve
Don’t let forex reserve go below $15b until elections: Ahsan H Mansur
The economist says at Sanem event
Forex reserves stand at $23.56 billion as per IMF definition
Bangladesh’s foreign currency reserves stood at $23.56 billion today as per the definition of the International Monetary Fund (IMF), the central bank said today.
Inflationary pains for common people to persist
Like in the outgoing financial year, the common people in Bangladesh will continue to suffer from higher consumer prices in 2023-24 as the factors behind the elevated level of inflation are unlikely to change dramatically.
Higher growth not possible without healthy forex reserve
No significant economic growth is possible in Bangladesh without a satisfactory level of foreign exchange reserves, said Syed Ershad Ahmed, president the American Chamber of Commerce in Bangladesh (AmCham), yesterday.
Wide gap in formal-informal exchange rates led to forex reserve slide: WB
A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.
Come June, reserves will hit $37.7b
The government is expecting the shrinking foreign currency reserves will buck the trend and hit $37.7 billion by June thanks to lower imports and budget support from development partners.
What is Bangladesh's current forex reserve?
Ever since Sri Lanka and Pakistan’s economic turmoil, Bangladesh’s foreign exchange reserves has become a part of public discourse. So much so that despite having an official figure from the central bank every week, people are speculating.
Current account balance: Deficit to remain high till 2027
Bangladesh will continue to see high deficit in its current account balance till 2027, predicts the International Monetary Fund.
Easing strain on reserves: Dhaka looks to secure $5.5b from IMF, WB
Bangladesh is hoping to get $5.5 billion from the International Monetary Fund and the World Bank as budget support, which will help the country shore up its depleting foreign currency reserves.
Forex reserves hit $24bn
The country's foreign currency reserves hit $24 billion today, setting a new record.
