The country's foreign currency reserve on Wednesday set a new record crossing US$24 billion mark, reports UNB.
According to a Bangladesh Bank statement, the forex reserve stood at $24.09 billion surpassing the previous reserve of $23.03 billion on February 26. On April 29 last year, the reserve was $20.36 billion.
In the last one year, the foreign currency reserve position has increased by 18.29 percent. "It’s possible to pay six months’ equivalent import bills through the current forex reserve," said the BB statement.
The central bank attributed the achievement to the stable exchange rate with local currency, increased exports and satisfactory growth in the remittance inflow.