The country’s foreign exchange reserve on Thursday set a new record hitting $23.03 billion on the positive remittance inflow.
“The decrease in import also contributed to setting the new forex-reserve record,” according to a Bangladesh Bank press release.The previous record was $22.38 billion on December 18 last.
Bangladesh Bank officials said the rising trend of foreign exchange reserve was due to the growing trend in the inward remittance. The declining trend of import also played a vital role in boosting the reserve.
Besides, the import business has been experiencing shocks due to the ongoing political turmoil that resulted in continuous blockade and hartal since January 5 this year. – News Desk
