Forex reserves reduce by $51 million in a week

Bangladesh’s foreign currency reserves dropped by $50.78 million to $18.67 billion on June 5, raising concerns about reaching the government’s estimate of $32 billion by the end of 2024-25 fiscal year. Experts cite external factors, mismanagement, policy changes, and exchange rate disparities as reasons for the forex market volatility and the $24 billion decline since August 2021.