Abdur Rahim Harmachi, Chief Economics Correspondent,
bdnews24.com
Published: 15 Dec 2020 09:50 PM BdST
Updated: 15 Dec 2020 09:50 PM BdST
Bangladesh’s foreign currency reserves have reached another milestone despite the coronavirus pandemic. );
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The forex reserves at the Bagnladesh Bank stood at $42.03 billion after the end of Tuesday’s business hours.
Kazi Saidur Rahman, a deputy governor of the central bank, said the achievement was possible mainly due to the remittances sent by Bangladeshis working abroad.
Growth in exports and foreign loans also contributed to the rise of the reserves, he added.
Zaid Bakht, a researcher at Bangladesh Institute of Development Studies, said that a drop in import also helped the forex reserves to grow.