• Thursday, Feb 25, 2021
  • Last Update : 02:47 am

Forex reserves hit all-time high of $43b

  • Published at 12:33 am December 31st, 2020
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Representational photo Bigstock

The upward trend of remittance and lower import payments were the drivers behind the all-time high reserves

The country’s foreign exchange reserves on Wednesday touched a new record of $43 billion-mark amid the coronavirus crisis.

The upward trend of remittance and lower import payments were the drivers behind the all-time high reserves, the finance ministry said in a press release.

The reserves, a pillar of strength for the Bangladesh economy, touched the $41 billion-mark on October 28 and rose to $42 billion on December 15.

“It is one of the milestones of the country’s economic and moral ability,” said Finance Minister AHM Mustafa Kamal.

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