Photo: Collected –
Metropolis Report-
Foreign exchange reserves have increased as a result of initiatives including promoting remittance revenue and preventing pointless purchases, according to Prime Minister Sheikh Hasina.
When inflationary pressures and post-Covid demand growth kicked in, the foreign exchange reserve started to drop after reaching an all-time high of $48.06 billion in August 2022.
To keep the value of the taka relative to the US dollar and to restrain inflation, the central bank uses its foreign exchange reserves. A stockpile of $29.87 billion can pay for imports for more than four months, according to the most recent statistics.
The Dhaka East-West Elevated Expressway, the 258km subway, the 86km Dhaka Inner Elevated Circular Road, and a 2.25km bridge over the Meghna River were among the projects and plans in the communication sector that the prime minister also emphasized. The cultivation of 55,000 hectares of uncultivated land was another point she made.
With increased production of rice, maize, potatoes, vegetables, fruits, and other crops as a result of the government’s agriculture-friendly policies, Bangladesh is now among the top 10 nations in the world for rice production.
