Bangladesh’s foreign currency reserve hits $11 billion

Dhaka, Aug 8 (

Bangladesh’s foreign currency reserve has exceeded the $11 billion-mark, a rise attributed to increased remittance inflow and fall in import costs.

Bangladesh Bank Governor Atiur Rahman told “The reserve crossed the mark due to the increased remittance and fall in import bill. It is a positive sign for our economy.”

The central bank records show that the reserve hit $11.05 billion at the start of Wednesday.

রিজার্ভ ১১ বিলিয়ন ডলার ছাড়িয়েছে

The reserve had risen above the mark on May 3, 2011, touching $11.34 billion, the highest so far.

However, rising bill of import, fuel oil in particular, saw it gradually fall to as low as $9 billion.