Foreign reserve crosses $30bn again within a month
The foreign exchange reserve crossed the $30billion mark after it had fallen below the level on 25 May.
The reserve currently stands at $30.02bn as of Wednesday.
A central bank high official said the rise in the reserve was a reflection of increased remittance.
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Many banks now had enough dollars to make smooth LC (letter of credit) payments, he added.
Between 1-20 June, $1.53bn had entered the country as remittance. In the same period last year, this figure stood at $1.10bn.
In the Fiscal Year 2022-23, the Bangladesh Bank sold $13.43bn 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 had reserves fell to $29.7 billion on 8 May.
It rose again on 10 May, reaching $30.36 billion which was $29.78 billion just a day ago.
Bangladesh Bank data from 25 May shows that the reserve fell again to $29.96 billion.
