Forex reserve at new high of $22.38b

The country's foreign exchange reserve has hit a new high at $22.38 billion riding on the positive remittance inflow and increased export earnings, reports UNB.

The reserve stood at $ 21.38 billion at the end of the day on Thursday, the highest in the country's history.

Bangladesh Bank governor Dr Atiur Rahman announced the new forex reserve record while addressing a function on agriculture credit disbursement to Tk 10 bank account holders at the central bank in the city.

Earlier, the highest reserve record was $ 22.36 billion in November 5 while $22 billion on October 8 this year.

Bangladesh Bank officials said the rising trend of foreign exchange reserve was due to the growing trend in the inward remittance and enhanced export earnings.

They said the $22.38-billion reserve was good enough to face any internal or external economic shock and also meet four months' import bills.

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