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Forex reserves exceed $30b mark in a day

Staff Correspondent
10 May 2023 12:53:01 | Update: 10 May 2023 18:41:44
Forex reserves exceed $30b mark in a day
— Representational Photo

Bangladesh has received a loan of $507 million from the World Bank as budgetary credit assistance.

After adding the installment from the World Bank, the foreign exchange reserve increased to $30.36 billion on Wednesday, Bangladesh Bank Executive Director and Spokesperson Mezbaul Haque confirmed.

As the Bangladesh Bank recently paid import bills of $1.18 billion to the Asian Clearing Union (ACU), the nation's foreign exchange reserves plunged to $29.78 billion on Tuesday, the lowest in the last seven years.