Forex reserves reach $22 billion

Bangladesh’s international trade reserves have reached the $22 billion mark after a number of months, due to an elevated influx of international forex generated by remittances and export earnings.

As per the Worldwide Financial Fund’s (IMF) calculation methodology, foreign exchange reserves stood at $22.04 billion yesterday, up from $21.41 billion per week in the past, as per the central financial institution’s newest information.

Nevertheless, gross foreign exchange reserves as per the central financial institution’s calculation stood at $27.41 billion, up from $26.76 billion per week earlier.

The rising development in remittances and export earnings has boosted the foreign exchange reserves, mentioned central financial institution officers.

Remittance influx hit $3.29 billion in March, the very best in any single month within the historical past of Bangladesh.

The nation acquired $2.61 billion in remittances through the first 29 days of April, in accordance with Bangladesh Financial institution information.