The government is likely to decide on borrowing funds for different projects from foreign exchange reserves before the next national budget. Growth in exports and foreign loans also contributed to the rise of the reserves. The minister said that the government is committed to raising the foreign exchange reserves to $50 billion by 2030. “The reserves will continue increasing if we can maintain the flow.”The chief source of the reserves is remittance, and it comes through banks. When Bangladesh Bank purchases the foreign exchanges, the reserves increase, Kamal said.

Source: bd News24 December 17, 2020 12:33 UTC