Reserves in the country has stood at $2,430 crores

Bangladesh Bank (BB), the country’s central bank, executive director and spokesperson Husne Ara Shikha today said that currently the amount of reserves in the country has stood at $2,430 crores.

He confirmed this to the media on Tuesday (September 17).

“Bangladesh Bank currently has $2,430 crores in its reserves. And according to the BPM-6 system of the International Monetary Fund (IMF), its amount is close to $2,000 crores,” ‍said Husne Ara Shikha.

He said that the flow of remittances increased last July and August. Expatriates are sending huge amounts of remittances. The major reason for the hike in reserves is the increase in expatriate income.

He also said that “the banks are now able to buy and sell dollars on their own” as the crisis has started to subside. The dollar price is currently between Tk 118-120. The difference between the dollar price in the banking channel and the curb market is now less than 1 percent.

The BB spokesperson said that the exchange rate of the dollar is based on the market. “The forex market will remain stable from now on as interbank transactions remain active,” he added.