Forex reserve shoots past $21bn -
bdnews24.com
Forex reserve shoots past $21bn
Abdur Rahim Harmachi, bdnews24.com
Published: 2014-06-16 17:19:55.0 BdST Updated: 2014-06-16 21:20:38.0 BdST
Bangladesh Bank Forex Reserve and Treasury Management Division’s General Manager Kazi Saidur Rahman told bdnews24.com that the reserve was $21.03 billion at the end of Monday.
He said the reserve was boosted by a spurt in remittance flow and decline in import costs.
The remittance flow has already reached $600 million this month, and expatriates are likely to send more money home ahead of the Eid-ul-Fitr.
On April 10, the reserves first went above the $20 billion mark.
After paying a $1.17 billion import bill to Asian Clearing Union on May 8, the reserves were down to $19.4 billion but has steadily risen since.
bdnews24.com
Forex reserve shoots past $21bn
Abdur Rahim Harmachi, bdnews24.com
Published: 2014-06-16 17:19:55.0 BdST Updated: 2014-06-16 21:20:38.0 BdST
Bangladesh Bank Forex Reserve and Treasury Management Division’s General Manager Kazi Saidur Rahman told bdnews24.com that the reserve was $21.03 billion at the end of Monday.
He said the reserve was boosted by a spurt in remittance flow and decline in import costs.
The remittance flow has already reached $600 million this month, and expatriates are likely to send more money home ahead of the Eid-ul-Fitr.
On April 10, the reserves first went above the $20 billion mark.
After paying a $1.17 billion import bill to Asian Clearing Union on May 8, the reserves were down to $19.4 billion but has steadily risen since.