Forex reserves keep rising ahead of IMF, WB disbursals
Business Desk
The country’s foreign currency reserves are continuing to surge riding on the increased remittance inflow during Eid-ul-Azha, and the central bank stash would stay strong throughout this month with big injections from global financial institutions.
The reserves rose by $318 million to $19.53 billion in the seven days to 19 June after $1.65 billion remittance inflow in the first two weeks of June.
The foreign currency inflow will continue to rise in the coming weeks as the country is set to receive $1.65 billion from the International Monetary Fund (IMF) and the World Bank.
