Forex reserves rise to $631.953 billion : Rashtra News #Forex #reserves #rise #billion The country's foreign exchange reserves increased by $2.198 billion to $631.953 billion in the week ended February 4, RBI data showed. In the previous week ended January 28, the reserves had declined by $4.531 billion to $629.755 billion. It touched a lifetime
The Bangladesh Bank has introduced currency swaps with banks for the first time, a move that will enable the country to meet the net reserve condition set by the International Monetary Fund (IMF) with its $4.7 billion loan programme.
Bangladesh has decided to introduce currency swaps between the central bank and commercial banks considering the local foreign exchange market dynamics