Awami deception behind $19 billion dollars reserve
------------------
Reserve tops $19b as BB buys $7.72b in 19 months
Staff Correspondent
The country’s foreign exchange reserve crossed $19-billion mark on Wednesday for the first time
as Bangladesh Bank purchased US dollars worth $7.72 billion in the last fiscal year and seven months and 19 days of the current FY 2013-14.
Higher export earnings against a lower import payment in the last few months played a significant role in increasing the country’s foreign exchange reserve, BB officials said.
..................................
The foreign exchange reserve will increase more in the months to come if imports do not increase in accordance with the demand from the industrial sector, a BB official said.
...............................
BB officials said that the country had been enjoying comfortable foreign exchange reserve since the beginning of the FY13 as imports declined significantly amid political unrest.
Reserve tops $19b as BB buys $7.72b in 19 months