Forex reserves cross $41 billion again

Foreign exchange reserves on Wednesday crossed US$41 billion-mark again due to the higher growth of inward remittance.

The forex reserve rose to over $41 billion on the day from $40.99 billion of the previous working day, reports BSS.

The forex reserves have crossed the $41 billion-mark again following the lower import payment pressure on the economy and higher inflow of inward remittance in the recent months, the government-run agency reports quoting a senior official of the Bangladesh Bank.

The continuous purchase of US dollars from the commercial banks has directly contributed to reaching the mark, he added.