UNB, Dhaka :
The country’s foreign exchange reserve on Tuesday set a new record, crossing $23.03 billion. “Tuesday the foreign exchange reserve stood at $23.05 billion, which was $19.23 billion on March 31, 2014,” said a statement of Bangladesh Bank citing that the reserve has increased by 20 percent in last one year.
“Different pragmatic and time-befitted measures that gave stability in the Taka-Dollar exchange rate and also increase in exports due to different government stimulus, inflow of remittance, and rise in foreign direct investment have contributed to this significant increase of the foreign
exchange reserve,” said a Bangladesh Bank statement in this regard.
“It will be possible to meet the 6-month import bill through the current foreign exchange reserve,” the BB said adding that on February 26, the reserve was $23.03 billion.
The country’s foreign exchange reserve on Tuesday set a new record, crossing $23.03 billion. “Tuesday the foreign exchange reserve stood at $23.05 billion, which was $19.23 billion on March 31, 2014,” said a statement of Bangladesh Bank citing that the reserve has increased by 20 percent in last one year.
“Different pragmatic and time-befitted measures that gave stability in the Taka-Dollar exchange rate and also increase in exports due to different government stimulus, inflow of remittance, and rise in foreign direct investment have contributed to this significant increase of the foreign
exchange reserve,” said a Bangladesh Bank statement in this regard.
“It will be possible to meet the 6-month import bill through the current foreign exchange reserve,” the BB said adding that on February 26, the reserve was $23.03 billion.
