Dhaka, Bangladesh (BBN)– Bangladesh’s foreign exchange (forex) reserve has reached at US$32.83 billion on Monday from $32.57 billion a week ago.
Actually, the forex reserve rose to $32.44 billion on December 23 from $32. 38 billion of the previous level after receiving a World Bank fund worth $70 million that has contributed to raise the reserve position recently.
Higher inflow of remittance has also helped improving the reserve situation, according to the Bangladesh Bank (BB) officials.
Bangladesh will able to settle import bills for more than five months with existing forex reserves, they added.
The highest $33.68 billion reserves were recorded on September 05, 2017.
The reserve is set to fall within a couple of days after clearing a routine payment to the Asian Clearing Union (ACU) against imports during the November-December period of 2019.