BANGLADESH’S FOREIGN EXCHANGE RESERVES TOP $25 BILLION MARK

০৪ ঠা আগস্ট, ২০১৫ বিকাল ৪:১৮

Bangladesh’s foreign exchange reserves have soared over $25 billion for the first time with attaining a phenomenal rise in the past one year. “The foreign exchange (reserves) is in a strong situation due to a stable growth in export earnings and remittance”. The reserve is well enough to meet the country's seven months import bill. For the first time in history, the reserves crossed the $23 billion mark on Feb 26 this year. But, the figure dropped to $22 billion after the central bank cleared import bills for January-February period amounting $1.01 billion to Asian Clearing Union (ACU. The reserves again crossed $23 billion and exceeded $24 billion. The total remittance inflow in the first 11 months of the 2014-15 fiscal is around $13.87 billion, 7.21 percent higher than the same period of the previous year. According to Export Promotion Bureau (EPB), export earnings in the July-May period of the current FY posted a 2.08 percent growth over the previous corresponding period to reach $28.14 billion.

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