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Thursday, December 18, 2014, Poush 4, 1421, Safar 24, 1436 Hijr

Forex reserve hits a new record in 43 years
Observer Online Desk
Published : Thursday, 18 December, 2014,  Time : 6:40 PM,  View Count : 25
The country’s foreign exchange reserve has hit a new height setting a record of over $22.38 billion riding on the positive remittance inflow and increased export earnings.

The reserve stood at $ 21.38 billion at the end of the day on Thursday, which is the highest in the country’s history.

Bangladesh Bank governor Dr Atiur Rahman announced the new forex reserve record while addressing a function on agriculture credit disbursement to Tk 10 bank account holders at the central bank in the city.

Earlier, the highest reserve record was $ 22.36 billion in November 5 while $22 billion on October 8 this year.

Bangladesh Bank officials said the rising trend of foreign exchange reserve was due to the growing trend in the inward remittance and enhanced export earnings.

They said the $22.38-billion reserve is good enough to face any internal or external economic shock and also meet four months’ import bills.


Editor : Iqbal Sobhan Chowdhury
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