Bangladesh Bank has disclosed the amount of reserves.

The fall in reserves has been halted. Currently, the amount of reserves of Bangladesh Bank stands at 2 thousand 430 million dollars.

Bangladesh Bank has said that Bangladesh’s foreign exchange reserves have increased due to increase in expatriate income and increase in remittance flow.

Bangladesh Bank Executive Director and Spokesperson Husne Ara Shikha confirmed this information on Tuesday

She also said, ‘Bangladesh Bank now has 2,430 million dollars in reserves. According to BPM-6 method of International Monetary Fund (IMF), it is close to 2 trillion dollars.

Stating that the reserves have increased due to the increase in expatriate income, She also said, the flow of remittances has increased between July and August. Expatriates are sending significant amounts of remittances, which is a major reason for the increase in reserves.

She also said, “The banks are now able to buy and sell their own dollars as various crises have started to subside. Currently, the price of the dollar is between 118-120 taka. The difference between the dollar price in the banking channel and the curb market is now less than 1 percent.

Husne Ara Shikha said that the exchange rate of the dollar has been based on the market, “The foreign exchange market is expected to remain stable now due to the active inter-bank transactions.”

Bangladesh Bank has said that the amount of gross reserves has exceeded 27 billion US dollars by increasing the supply of foreign currency in the country.

Credit: www.dainikamadershomoy.com