Forex reserve now below $34bn

News Desk :
The country’s foreign exchange (forex) reserves dropped below $34 billion on Wednesday as the Bangladesh Bank continued selling dollars to banks.
According to central bank data, reserves dropped to $33.86 billion on November 30.
They sold over $6 billion to banks between July 1 and November 30 so far, which was $7.62 billion in the same period of FY22, the data also showed.
Trade deficit widened to $7.54 billion in the July-September period compared with that of $6.77 billion in the same period in the past financial year.
Amid increasing balance of payments pressure and falling foreign exchange reserves, the government requested financial
The central bank had to inject dollars due to the severe shortage of the greenbacks on the financial market.
The exchange rate rose sharply to Tk108 from Tk84.8 against the US dollar within a year.
The BB approved the floating rate of dollars on September 14.