Bangladesh’s foreign exchange reserve hits all-time high

DHAKA, Dec. 19  (NsNewsWire) — Bangladesh’s foreign exchange reserve hit an all-time high of 22.37 billion U.S. dollars on Thursday, said the central bank governor.
Bangladesh Bank (BB) Governor Atiur Rahman said the country’s ” foreign exchange reserve reached a record amount of 22.37 billion U.S. dollars Thursday.”
He made the announcement while addressing a program at the central bank in the capital city., reports Xinhua
Bangladesh’s foreign exchange reserve on Nov. 6 this year touched 22.36 billion U.S. dollars, reflecting the country’s strength from the economic and financial point of view.
BB governor said the 22.37-billion U.S. dollar reserve is good enough to face any internal or external economic shocks and meet Bangladesh’s import bills for four months, an international standard to maintain foreign currency reserve.
Officials said higher inflow of remittances and exports have mainly driven Bangladesh’s foreign exchange reserve to a new record.
The country’s foreign exchange reserve hit an all-time high of 22 billion U.S. dollars in the middle of August this year.
The central bank reserve had earlier hit 21 billion U.S. dollars in the middle of June.  Enditem