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Forex reserves decline by $1.30 billion in July

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The central bank published the latest data after a one-month interval although it used to publish its reserves data every week previously.

Staff Correspondent

Publisted at 6:42 AM, Fri Aug 2nd, 2024

Bangladesh's foreign exchange reserves have declined by $1.30 billion to $20.49 billion in July, said Bangladesh Bank.

The data published by the Bangladesh Bank said the net reserve has decreased to $15.47 billion in the recently concluded month.

The central bank published the latest data after a one-month interval although it used to publish its reserves data every week previously.

As per the BPM-6 method, the forex reserves stood at $21.79 billion at the end of June.

Meanwhile, Inward remittance inflow has downed to the lowest point in 10 months at $1.91 billion in July.

According to Bangladesh Bank, expatriates usually send an average of $2 billion in remittances.

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