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Friday, February 27, 2015, Falgun 15, 1421 BS, Jamadi ul Awwal 7, 1436 Hijr


Forex reserves touch $23b mark
Published : Friday, 27 February, 2015,  Time : 12:00 AM,  View Count : 19

Bangladesh's forex reserves have continued to rise amid a violent political tension, which has badly affected the economy.
Reserves surpassed the $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 told bdnews24.com .
He said that the reserve is adequate to pay import bills for the next seven months.
Forex reserves crossed $22 billion on Aug 7 last year.  According to Bangladesh Bank figures, remittance inflow was $ 597.9 million in the first two weeks of February. It touched $8.72 billion in the first seven months (Jul to Jan) of the current 2014-15 fiscal.    ?bdnews24.com







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