Forex reserves hit $40b for first time

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DHAKA, Oct 8, 2020 (BSS) – The country’s foreign exchange reserves
have crossed US$40 billion for the first time, thanks to a steady flow
of inward remittances despite the coronavirus pandemic.

The inflow of remittance and aid of the development partners added
to raise the foreign exchange reserve to over $40 billion, a senior
official of the Bangladesh Bank told BSS today.

The official said remittance is the key driver to raise the reserve
to the highest point.