Bangladesh’s foreign exchange reserve hits all-time high

DHAKA, Aug. 18 (NsNewsWire) — Bangladesh’s foreign exchange reserve hit an all-time high of 26 billion U.S. dollars Monday, said a central bank official.

The Bangladesh Bank (BB) official who preferred to be unnamed told Xinhua that “the country’s foreign exchange reserves  foreign exchange reserves reached a new milestone Monday, crossing the 26 billion U.S. dollars’ mark.”

The country’s foreign exchange reserves on June 25 this year reached 25 billion U.S. dollar mark for the first time, reflecting the country’s strength from the economical and financial point of view.

Bangladesh, with a population of about 153 million, needs a reserve of about 10 billion U.S. dollars to meet its import bills for three months in light of an internationally accepted standard.

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