Staff Reporter :
Bangladesh`s foreign exchange reserves reached a record high as the reserves surpassed $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 said.
The higher reserves, which stem from a widening current-account surplus, can cover more than seven months of imports.
Earlier, forex reserves crossed $22 billion on Aug 7 last year. But it dropped soon after only to touch the mark again on Jan 28 this year.
According to statistics provided by the central bank, the migrants have sent remittance of about $59 cr 79 lakh in first 13 days of current February month.
Bangladesh`s foreign exchange reserves reached a record high as the reserves surpassed $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 said.
The higher reserves, which stem from a widening current-account surplus, can cover more than seven months of imports.
Earlier, forex reserves crossed $22 billion on Aug 7 last year. But it dropped soon after only to touch the mark again on Jan 28 this year.
According to statistics provided by the central bank, the migrants have sent remittance of about $59 cr 79 lakh in first 13 days of current February month.
