Forex reserve crosses record $18bn
Bangladesh's foreign currency reserves have crossed the $ 18 billion mark, a record in itself.
The reserves at Bangladesh Bank crossed $18 billion after 2.30pm on Thursday, Quazi Saidur Rahman, General Manager of the central bank’s Forex Reserve and Treasury Management Division told bdnews24.com.
The record follows increased remittance inflow and rising export earnings, said Rahman, adding the lower cost of import has also helped beef up the forex reserve.
The reserve now is sufficient to fund import bills for six months, said the central bank official.
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