Dhaka, April 14 -- Bangladesh's foreign exchange reserves have crossed the $21 billion mark for the first time in nearly 10 months, bolstered by a significant rise in remittances and export earnings.
As of Sunday, the reserves stood at $21.11 billion, up from $20.89 billion the previous day, according to the latest data from the central bank.
This marks the first time since July of the previous year that reserves have surpassed the $21 billion threshold. Gross reserves, based on the central bank's calculations, also saw an increase, rising to $26.38 billion, up from $26.14 billion recorded on Thursday.
Arif Hossain Khan, Executive Director and spokesperson for Bangladesh Bank, attributed the growth to the upward trend in remittances and ...