The Daily Morning Sun Online //

The country’s foreign exchange reserves have increased to more than 21 billion dollars again. At the beginning of the day today (Thursday), the country’s net reserves were 21.36 billion dollars or more than 21 billion dollars. On the same day, the gross reserves were more than 26.2 billion dollars.

The country’s reserves increased by 2.62 billion dollars in December. The reserves are increasing due to the increase in remittance and export income and control over import costs.

These data were obtained from the central bank’s report published on Thursday.

According to the information obtained from the report, at the end of last November, the country’s net reserves were 21.8 billion dollars and the gross reserves were 24.97 billion dollars. At the beginning of the day on Thursday, the country’s net reserves increased to 21.36 billion dollars and the gross reserves increased to over 26.2 billion dollars. As a result, in a month’s time, i.e. in December, the country’s net reserves increased by $2.62 billion and gross reserves increased by $1.74 billion.

Earlier, in the first week of November, after paying $1.5 billion in debt to the Asian Clearing Union (ACU), the net reserves fell to $18.44 billion. Since then, it has increased again due to the addition of dollars to the reserves from remittances and export earnings.

Meanwhile, in the second week of this month, the ACU’s debts for November and December will be paid. Then the reserves may decrease slightly again.

Since the fall of the Awami League government on August 5, the remittance flow to the country has started increasing. In July, the last month of the Awami League government, remittances came in at $1.9138 billion. In August, it increased to $2.2242 billion. In September, it increased further to $2.484 billion, decreased slightly in October to $2.3951 billion, and decreased further to $2.22 billion in November. A record was set in remittance flow in December. That month, $2.64 billion came in. Meanwhile, export earnings have also started increasing.

The foreign debt has started decreasing due to the increase in the flow of dollars in the market. In addition, foreign banks have also started paying off their outstanding import liabilities. When the Awami League government fell on August 5, the outstanding import liabilities to foreign banks were $3.7 billion.

In the last five months, $3.3 billion has been paid. Now, $400 million is outstanding. These will also be paid soon. In addition, no new import liabilities are being kept outstanding. They are being paid within the stipulated time.

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