Forex reserve hits record high over US$46b

The country’s foreign exchange reserves touched a new record of over US$46 billion thanks to the upward trend of remittance. An official of the central bank today confirmed that the country's forex reserves reached US$46.08 billion on Tuesday.

With the inflow of remittance remained intact even during the fresh spike of coronavirus infections, the central bank continued to mop-up excess supply of dollars from the local market enabling the Bangladesh Bank (BB) to build-up reserves, the official mentioned.