Bangladesh's foreign exchange reserves dropped below $20 billion, prompting efforts to boost remittances.

Bangladesh's foreign exchange reserves fell below $20 billion by the end of October 2024, dropping to $18.44 billion after Asian Clearing Union payments. The country's gross reserves were $25.5 billion at the end of October. To boost reserves, the central bank is offering incentives to attract more remittances from expatriates, with remittances totaling nearly $9 billion in the July-October period.

November 15, 2024
8 Articles