Foreign currency reserve exceeds $11bn

DHAKA: The foreign-currency reserve of Bangladesh Bank (BB) has exceeded $11 billion after Wednesday’s working day.

The reserve reached to $11.05 billion at the end of the day while the highest reserve was $11.31 billion on April in 2010.

General Manager of Forex Reserve & Treasury Management Department of Bangladesh Bank Kazi Saidur Rahman made the disclosure to banglanews.

The central bank considers it as a positive sign as the reserve surpasses $11 billion on the second month of the current fiscal year.

“The reasons behind increasing the foreign currency reserve are the enhance of expatriate’s income, decrease of import cost, new currency policy and instant opportunity of import cost payment,” said Rahman adding, “We hope it will step up in future.”

BDST: 2043 HRS, AUG 08, 2012
Edited by:  Kaiser Ahmed, Newsroom Editor/ Mohammed Humayun Kabir, Sr Newsroom Editor/ M. Mahbub Alam, Asst Output Editor