Forex reserves cross $28-bn mark

Economic Correspondent: Bangladesh`s foreign exchange reserves reached a new record high as the reserves surpassed $28 billion mark for the first time in the country’s history on Thursday.

 

Bangladesh Bank’s Deputy General Manager GM Abul Kalam Azad confirmed the matter to risingbd.com.  

 

He said that the reserves touched $28.11 billion which is enough to pay import bills for seven months.   

 

Bangladesh Bank sources said that the foreign exchange (reserves) is in a strong situation due to a stable growth in export earnings and remittance.

 

Bangladesh Bank data shows Bangladeshi expatriates remitted some 18.30 crore dollars in the first thirteen weeks of the current month.

 

risingbd/Dhaka/Feb 25, 2016/Mamun/Nasim