Latest forex reserve now $29b

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bdnews24.com :Amidst widespread criticism over the $81 million cyber theft, Bangladesh Bank’s foreign currency reserves are hovering over the $29 billion mark.The reserves touched $28.8 billion, an all-time high, on Tuesday. Central bank officials expect the reserves to cross $29 billon by the end of April. Analyst Zaid Bakht thinks the reserves are rising steadily because of increased export and reduced import. Bangladesh Bank spokesperson Shubhankar Saha, however, skirted a reply when asked whether the stolen $81 million was included in the count. “The reserves are rising for a considerable time. The theft has not affected it,” he said. “Every country counts the reserves following International Financial Reporting Standard (IFRS). We’ve also followed it,” Saha added.

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