Forex reserves surpass $21bn

NN Online:

Bangladesh’s foreign exchange reserves have reached a new high of $21.40 billion, equivalent to $2,140 crore. The latest figures, released in an update by the Bangladesh Bank (BB) on Sunday, highlight a significant boost to the country’s reserve position.

As of Thursday (March 6), Bangladesh’s gross foreign reserves have reached $26.60 billion, a notable increase from $26.13 billion in February. Under the IMF’s BPM-6 accounting standard, reserves now stand at $21.40 billion.

This rise in reserves reflects the country’s improving financial position. In addition, remittances continue to play a significant role in the economy, with Bangladesh receiving $2.53 billion in remittances during February, which translates to over Tk 30,829 crore.

This continuous flow of remittance earnings contributes to strengthening the nation’s economic growth and stability.