State Bank's Robust Foreign Exchange Reserves Ensure Currency Stability

One of the key factors contributing to the stability of our exchange rate is the substantial foreign exchange reserves held by the State Bank, amounting to around $9 billion. This significant reserve plays a crucial role in influencing the exchange rate, as noted by currency dealers. Moreover, exchange companies have observed a consistent high level of inflows in June, mirroring the trend from the previous month.

These developments indicate a robust foundation for our currency's stability, ensuring a favorable environment for trade and economic activities. The State Bank's proactive management of foreign exchange reserves has bolstered market confidence and shielded our economy from sudden fluctuations.

The steady exchange rate, supported by ample foreign exchange reserves and sustained inflows, reflects the resilience of our economy. This stability not only benefits businesses and investors but also contributes to overall economic growth and prosperity. By maintaining a strong position in the global currency market, our economy is better equipped to navigate challenges and seize opportunities for sustainable development.