DHAKA, Nov. 2 (NsNewsWire) — Bangladesh’s September foreign exchange reserve hit an all-time high of over 27 billion U.S. dollars, reports Xinhua.
AFM Asaduzzaman, senior spokesman of the Bangladesh Bank (BB), said that “the country’s foreign exchange reserve reached a record amount of 27.06 billion U.S. dollars at the end of last month, reflecting the country’s strength from the economical and financial point of view.”
He said the reserves were enough to pay the country’s import bills for eight months.
Bangladesh’s foreign exchange reserves in the middle of August touched the 26 billion U.S. dollar mark for the first time.
Bangladesh, of about 153 million people, needs a reserve of some 10 billion U.S. dollars to meet its import bills for three months, an international standard to maintain foreign currency reserve. Enditem