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Vested quarter politicising forex reserve issue

Staff Correspondent
21 Aug 2022 00:00:00 | Update: 21 Aug 2022 00:07:40
Vested quarter politicising forex reserve issue

Planning Minister MA Mannan on Saturday said a vested group of people are doing politics over forex reserve, spreading rumours among the country’s people.

“Although the reserve decreased for a few days, it has started to increase again, thanks to the remittances sent by the Bangladeshi expatriates,” he said at a programme in Sunamganj.

Sunamganj Zila Parishad organised the programme at district Shilpakala Academy marking the National Mourning Day. GPA-5 holders in SSC and HSC examinations were accorded reception and awarded scholarships at the event.

MA Mannan said, “The forex reserve was only $5 billion during the BNP regime, but it increased to $48 billion during the present Awami League government’s tenure.”

“The forex reserve did not decline massively, and it is increasing as the expatriates are sending a huge amount of remittances,” the minister said, adding, “The expatriates are the heroes behind our reserve growth and we salute them.”

Mannan said, “The government’s control over the dollar price collapsed temporarily under the pressure of the global market. As a result, the price of the dollar temporarily increased. Now, as a result of several initiatives of the central bank, the dollar price has started to fall again.”

The minister further said, “The global gas market is expanding day by day. That is why there is pressure on Bangladesh. Gas-coal is not something that can be found just in a few days by searching.”

“Gas-coal exploration will take time. The energy source in the future will not be gas, coal or oil; renewable solar energy will be the source of energy in the coming days. The government is adopting policies keeping this in mind,” he said, adding that not only Bangladesh, but the whole world also will move towards the use of solar energy.

 

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