The reserves at the Bangladesh Bank stood at $40.1 billion on Thursday. Speaking to bdnews24.com in the evening, Finance Minister AHM Mustafa Kamal credited the milestone to remittances sent by migrant workers. Kamal said an increase in export earnings and a drop in imports also made it possible for the reserves to cross the mark. The reserves slid below the mark after payment of import bills for July-August period through the Asian Clearing Union. The finance minister hopes the reserves will cross $42 billion by December, and $50 billion by 2021.

Source: bd News24 October 08, 2020 13:08 UTC