Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before.
Volatility continued to prevail in the country’s foreign exchange market, with the price of every dollar hitting a record Tk 119 in the open market yesterday from Tk 115 on Monday.
The International Monetary Fund is expecting a formal request for a loan from Bangladesh soon to provide a buffer to the delicate foreign currency reserves amid global economic volatility even though the government remains in two minds about it.
Foreign Minister AK Abdul Momen today told parliament that the increased purchase price of oil and LNG is putting a negative impact on foreign exchange reserves.
Bangladesh Bank Governor Fazle Kabir today said the country’s foreign exchange reserves are still in a comfort zone.
Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before.
Volatility continued to prevail in the country’s foreign exchange market, with the price of every dollar hitting a record Tk 119 in the open market yesterday from Tk 115 on Monday.
The International Monetary Fund is expecting a formal request for a loan from Bangladesh soon to provide a buffer to the delicate foreign currency reserves amid global economic volatility even though the government remains in two minds about it.
Foreign Minister AK Abdul Momen today told parliament that the increased purchase price of oil and LNG is putting a negative impact on foreign exchange reserves.
Bangladesh Bank Governor Fazle Kabir today said the country’s foreign exchange reserves are still in a comfort zone.