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Thursday, February 25, 2016, Falgun 13, 1422 BS, Jamadiul Awwal 14, 1437 Hijri

Bangladesh forex reserves hit a new high, tops $28billion
Observer Online Desk
Published :Thursday, 25 February, 2016,  Time : 10:09 PM  View Count : 0
Foreign exchange reserves with Bangladesh Bank have soared to a new high.

According to the central bank, the reserves rose to $28.06 billion at the closing of the Thursday transactions from $27.9 billion on Wednesday.
Bangladesh Bank General Manager Kazi Sayedur Rahman attributed the rise to the decline in oil and food prices in the international market and the growth in remittance and export earnings.
He said the reserves might be hovering above the $28 billion mark until payment of Asian Clearing Union (ACU) bills in the first week of March.
Forex reserves crossed the $27 billion mark for the first time on Oct 29 last year.
Officials said the current reserves were enough to foot the country’s import bills of at least seven months. 

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