Forex reserve increased by $27.4 billion in April due to remittance growth, stable exports: Salehuddin
The impact of inflation due to imports is somewhat less as the exchange rate of Taka is stable and inflation is low in the countries from where our goods are imported, says the finance adviser
Representational image/Reuters
The foreign exchange reserve increased to $27.4 billion in April due to the growth of remittance and stable exports, which are playing important roles in keeping the exchange rate stable, said Finance Adviser Salehuddin Ahmed today (2 June).
"At present, the impact of inflation due to imports is somewhat less as the exchange rate of Taka is stable and inflation is low in the countries from where our goods are imported," he said in a pre-recorded speech telecast today while unveiling the national budget of Tk7,89,999 for FY26.
"This stability has enabled us to introduce a market-based exchange rate on 14 May this year," added the finance adviser.
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