Dhaka, Bangladesh (BBN)– Bangladesh’s foreign exchange (forex) reserve has crossed US$32.50 again following higher inflow of funds particularly from development partners, officials said.
The forex reserve rose to $32.52 billion on Sunday, the last working day of the outgoing fiscal year (FY) 2018-19 from $32.50 billion of the previous working, they added.
“Our forex reserve has increased gradually following higher inflow of funds particularly from development partners including the World Bank and Asian Development Bank (ADB),” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.
Such upward trend of forex reserve may continue this week, he added.
The reserve dropped to below $31 billion on May 08 last 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.
The foreign exchange (forex) reserve fell to $30.99 on the day from $ 32.19 billion of the previous working day. It was $31.02 billion on May 09, 2019.
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.