The country's foreign exchange reserves rose to a record $18.12 billion at the end of January from $18.07 billion a month earlier, the central bank said on Monday. The higher reserves, which stem from a widening current-account surplus, are enough to cover six months of imports. At the end of January 2013, reserves totalled $13.1 billion. Rising exports and a slowing of imports have helped build the reserves despite a drop in inward remittances as number of Bangladeshis going abroad to work in the Middle East has declined. I...

The country’s foreign exchange reserve is still maintaining an over 18-billion mark remaining at $18,160.61 million as of January 28 this year. The foreign currency reserve also witnessed a rise of $5,117.94 million from the $13,042.67 million registered on January 28 last year, according to statistics released by the Bangladesh Bank on Thursday.  Earlier, on December 19, 2013, Bangladesh’s foreign currency reserves crossed the $18-billion mark for the first time in the country’s history...

The country’s economic growth in the current fiscal may slow down to 5.8 or even to 5.6 percent from above 6 percent for the last four fiscals, predicted Centre for Policy Dialogue (CPD) on Saturday. The Gross Domestic Product (GDP) growth is likely to remain between 5.6 percent and 5.8 percent provided that the second half of the current fiscal does not go through any major political uncertainty, noted CPD executive director Mustafizur Rahman at a programme at its office. Speaking at the launching ...