Dhaka, Bangladesh (BBN)- Bangladesh’s foreign exchange (forex) reserve has crossed the US$32 billion-mark again following increased inflow of funds particularly from development partners, officials said.
The forex reserve rose to $32.02 billion on Thursday from $31.93 billion of the previous working day, according to the central bank’s latest statistics.
“Our forex reserve has crossed the $32 billion-mark again after receiving a fund worth $50 million from the World Bank,” a senior official of the Bangladesh Bank (BB) told the BBN in Djaka.
He also said the upward of forex reserve may continue in the coming days.
The BB earlier received a total of $50 million fund from different development partners including Asian Development Bank (ADB), the central banker added.
The fund inflow from the development partners normally rise in the month of June each year, according to the BB official.
The reserve was US$31.13 billion in the first week of May after making a regular payment of US$1.24 billion to the Asian Clearing Union (ACU) against imports during the March-April period of 2019.
Bangladesh will be able to settle around five months import bills with the existing FX reserve.
The highest $33.68 billion reserve was recorded on September 05, 2017.
Earlier on 27 December last calendar year, the reserve was $33.10 billion. It was $32.94 billion on June 30, 2018.
BBN/SSR/AD