Forex reserve reaches $40b

The country’s foreign exchange reserve reached the new landmark of $40-billion on Thursday mainly due to a modest remittance inflow.

The volume of reserve reached $40.1 billion at the end of the day.

Bangladesh Bank officials mentioned steady flow of remittance behind the rise of foreign exchange as payments against import letters-of-credit were deferred, overall payments dropped.

In the July-September period of the current fiscal year 2020-2021, remittance inflow increased by 49 per cent or $2.19 billion even though the inflow slowed down a bit in August and September considering the $2.6-billion inflow in July.

Remittance inflow reached $6.71 billion during the July-September quarter of FY21 against $4.52 billion in the same period of FY20.


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