[ad_1]
The foreign exchange reserves of the Bangladesh Bank have exceeded £ 40 billion or £ 4 trillion. At the end of the day on Thursday (October 8), foreign exchange reserves exceeded 40 billion dollars.
Sirajul Islam, chief executive officer and spokesman for the Bank of Bangladesh, said the country’s foreign exchange reserves could cover the cost of imports for the next ten months.
According to central bank sources, export earnings have increased with remittances sent by expatriates. To this is added the cooperation of $ 300 million from JICA. As a result, reserves have exceeded £ 40 billion.
For the first time, the country’s foreign exchange reserves surpassed £ 35 billion on June 23. Previously, on June 3, bookings exceeded £ 34 billion. On September 1 it crossed 39.30 billion. Despite the slowdown in foreign trade due to the coronavirus, the income of expatriates has helped increase foreign exchange reserves.
Investment from development partners has also started pouring into the country, central bank officials said. Previously, on September 5, 2016, the country’s foreign exchange reserves amounted to £ 33.6 billion.
[ad_2]
