Bangladesh’s foreign currency reserve hits $11 billion
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 bdnews24.com: “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.
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.