Forex reserve falls to $33bn

Bangladesh`s foreign exchange reserves dropped to $33.86 billion on Wednesday (November 30) after Bangladesh Bank sold $71 million to banks for import bill payments.

Before the sale, Bangladesh's foreign exchange reserves stood at $34.05 billion.

The central Bank has offloaded around USD 6 billion from its foreign currency reserves in the current fiscal year 2022-23, mainly to pay import bills of fuel, pesticides, and food. Today’s interbank dollar rate was Tk98.

Earlier, the central bank sold a record $7.62 billion in the 2021-22 fiscal year.