Dhaka, Bangladesh (BBN)– Bangladesh’s foreign exchange (FX) reserve increased slightly in the recent weeks following higher inflow of foreign exchange in the market.
The FX reserve rose to US$31.80 billion on Thursday from $31.40 billion a week ago.
“We’ve received a total of $50m fund from different development partners including Asian Development Bank (ADB),” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.
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.