Forex reserve hits record, tops $46b

The country’s foreign exchange reserves touched a new record of over US$46 billion thanks to the upward trend of remittance.

An official of the central bank on Wednesday confirmed that the country's forex reserves reached US$46.08 billion on Tuesday.

With the inflow of remittance remained intact even during the fresh spike of coronavirus infections, the central bank continued to mop up excess supply of dollars from the local market enabling the Bangladesh Bank (BB) to build up reserves, the official mentioned.