Forex reserves cross $23-bn mark
Augustin Sujan || risingbd.com
Published: 12:19, 26 February 2015
Update: 15:18, 26 July 2020
Economic Correspondent: Bangladesh`s foreign exchange reserves reached a record high as the reserves surpassed $23 billion mark for the first time in the country’s history on Thursday.
A stable inflow of remittance and export incomes led to the record reserve, Bangladesh Bank’s Forex Reserve and Treasury Management Chief Kazi Saidur Rahman said.
The higher reserves, which stem from a widening current-account surplus, can to cover more than seven months of imports.
Earlier, forex reserves crossed $22 billion on Aug 7 last year. But it dropped soon after only to touch the mark again on Jan 28 this year.
risingbd/DHAKA/Feb 26, 2015/Niaz/Augustin Sujan
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