Bangladesh’s Forex Reserves Rise to $27.34 Billion.

Bangladesh’s gross foreign exchange reserves have climbed to $27.34 billion, Bangladesh Bank confirmed on 29 October.

Arif Hossain Khan, spokesperson and Executive Director of Bangladesh Bank, told reporters that rising remittance inflows and the central bank’s dollar purchases through auctions have contributed to the increase.

“Higher remittance inflows and export earnings have boosted the supply of dollars in the banking sector. Commercial banks, after selling dollars to other banks, are also selling excess dollars to the central bank, which adds to the country’s reserves,” he explained.