Forex reserve crosses $41b

Bangladesh's foreign exchange (forex) reserve crossed US$ 41 billion-mark on Wednesday due to lower import payment obligations and higher growth of inward remittance, officials said.

It rose to $ 41.10 billion on the day from $ 40.99 billion of the previous working day, according to the central bank's latest data. The reserve was $41.02 billion on October 29 last.

Talking to the FE, a senior official of the Bangladesh Bank (BB) said the country's forex reserve has crossed the mark again following lower import payment pressure and higher inflow of remittance in the recent months.

He also said that purchasing the US dollar from the commercial banks directly has contributed to achieve the record reserve.

Foreign loans and assistance have also helped push up the reserve, he added.

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