Скачать или смотреть Forex Reserve Falls To $41b-Mark With Higher Imports, Lower Remittance Inflow |The Business Standard

Bangladesh's forex reserve, which witnessed a rapid surge during the pandemic, has now fallen to the $41 billion-mark thanks to higher imports and lower remittance inflow. This has caused concerns for the country in the matter of spending foreign currencies.

After paying the Asian Clearing Union $2.24 billion on Tuesday, the reserve stood at $41.95 billion which central bank officials believe will meet the liabilities of imports for the next six months.

In such a situation, the central bank on Wednesday took several strict steps to keep holding the foreign currency reserve by reducing spending on development projects. It decided to delay payments for at least six months for the projects that have no urgency right now.

Read more: https://www.tbsnews.net/economy/forex...

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