Dhaka, Bangladesh (BBN)- Bangladesh’s foreign exchange reserve has crossed US$10 billion mark again as the inflow of foreign currencies increased, officials said.
The foreign exchange reserve rose to US$10.02 billion on Wednesday from $9.93 billion of the previous working day, according to the central bank statistics.
It was $9.85 billion on July 9 after making a routine payment of $667 million to the Asian Clearing Union (ACU) against imports during May-June period of this calendar year.
The country’s forex reserve was $10.01 billion on June 19 last.
“The inflow of foreign exchange has increased recently following steady growth of inward remittance and decreasing import payments,” a senior official of the Bangladesh Bank (BB), the country’s central bank, told BBN in Dhaka.
He also said purchasing the US dollar from the commercial banks is also contributing to improve the forex reserve position gradually.
A total of $230.50 million was bought from the commercial banks between July 3 and July 11 as part of the BB’s intervention in the market, he added.
BBN/SSR/AD-12July12-8:26 am (BST)
