Bangladesh's foreign exchange reserves on Wednesday once again reached $30.01 billion mark which was $29.95 billion on Tuesday as the inflow of remittances is now maintaining an upward trend ahead of Eid-ul-Azha.
As per Bangladesh Bank data, between June 1-20, $1.53 billion had entered the country as remittance. In the same period of last year, this figure was $1.10 billion.
In the 2022-23 fiscal year, the Bangladesh Bank sold $13.43 billion from the reserves.
The sales are usually used to fund government LC payments and procure essential goods.
After the government paid $1.1 billion in import bills to the Asian Clearing Union, or ACU, for March and April, the reserves fell to $29.7 billion on May 8.
It rose again on May 10, reaching $30.36 billion which was $29.78 billion just a day ago.
Bangladesh Bank data from May 25 shows that the reserve fell again to $29.96 billion.
