Foreign exchange reserve drops by nearly $1.5 billion in 8 days

Forex reserve drops by almost $1.5 billion in 8 days

Bangladesh misplaced nearly $1.47 billion in overseas alternate reserve in simply eight days.

The Bangladesh Financial institution’s report from final night time stated that the nation’s overseas alternate reserve was $21.71 billion on September 13. That is lower than the $23.18 billion it was on September 5.

The amount of cash the nation has saved in case it wants to purchase issues from different international locations has been happening for over a 12 months as a result of they’ve been spending more cash on shopping for issues from different international locations and never making as a lot cash as they thought they might from promoting issues to different international locations or from folks sending a reimbursement house.

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