Bangladesh forex reserves soar to $19.53 billion

Bangladesh’s foreign exchange reserves increased to $19.53 billion on June 19, up $318 million in a week. Expatriates sent $1.65 billion in remittances in the first two weeks of June, ahead of Eid-ul-Azha. The country expects to receive an additional $1.65 billion from the IMF and World Bank by the end of June, potentially boosting reserves above $21 billion. This improvement follows the central bank’s introduction of a more flexible exchange rate regime last month. BD PRATIDIN