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foreign exchange reserves might decrease to some extent in the coming months if export earnings and remittance flow don’t go up proportionately.

The central bank has started injecting US dollars into the market to cool off the foreign exchange regime.

After purchasing a record $7.93 billion of US dollars last fiscal year, the Bangladesh Bank sold $946 million between August and September as many banks are facing a shortage of greenback amid rising imports, moderate exports and slowing remittance flow.

Syed Mahbubur Rahman, managing director of Mutual Trust Bank, said a majority of countries had contained the pandemic, helping their economies rebound.

“Bangladesh has also contained the pandemic. So, the rise in imports will continue.”

BB data showed the opening of LCs rose 48.6 per cent to $12.13 billion in July and August, meaning import payments would increase further.