After a month and a half, the country's foreign exchange reserves have again reached 20 billion dollars.
Bangladesh Bank Spokesperson and Executive Director Husne Ara Shikha said this on Monday (December 23).
According to the latest data from the central bank, as of the 22nd of this month, the country's reserves are now 20 billion dollars according to the International Monetary Fund (IMF) accounting system BPM-6.
Earlier, the foreign exchange reserves were 20 billion dollars on November 6. However, they gradually started decreasing and fell below 19 billion dollars in the first week of December.
In recent weeks, the price of the dollar started increasing due to the increase in imports. Banks had to spend a maximum of Tk. 127.70 to buy a dollar of remittances. The amount of dollars increased due to the high remittance flow. This helped banks relax restrictions on opening new LCs (letters of credit).
According to the central bank, imports grew by 1 percent from July to October of the current fiscal year, while the growth was negative 10 percent in the last fiscal year. It is worth noting that in the first 21 days of this December, remittances of 200 crore 72 lakh 30 thousand US dollars came into the country. And in the same period last November and October, remittances came in at 157 crore 50 lakh and 157 crore 29 lakh dollars respectively. The remittance flow increased in the first three weeks of December compared to October and November.