Dhaka, Bangladesh (BBN)– Bangladesh’s foreign exchange (forex) reserve crossed US$32 billion-mark again following higher inflow of remittance ahead of the Eid-ul-Azha, officials said.
The forex reserve rose to $32.29 billion on Thursday from $32.13 billion a week before, according to the central bank’s latest statistics.
Bangladesh’s received nearly US$77 million in the first three days of August following higher inflow of remittance in the previous month, they added.
The remittance inflow was estimated at $1.60 billion in July last, up by $229.46 million from that of the previous month. In June 2019, the amount stood at $1.37 billion. It was $1.32 billion in June 2018.
“The inflow of remittance may fall slightly after the Eid vacation,” a senior official of the Bangladesh Bank (BB) predicted.
Bangladesh will be able to settle more than 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.