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Bangladesh’s foreign exchange reserve hit an all-time high of $26.18 billion at the end of August, said a central bank official on Wednesday.
A Bangladesh Bank official, who preferred to be unnamed, said foreign currency reserves reached a new milestone last month, reflecting the country’s strength in the economy, Xinhua reported.
According to the official, the country’s foreign exchange reserves stood at $26,175.34 million on August 31 after reaching at $25,464.28 million in July.
Bangladesh’s foreign exchange reserves on August 17 touched the $26 billion mark for the first time.
Bangladesh, with a population of around 153 million, needs a reserve of some $10 billion to meet its import bills for three months in light of an internationally accepted standard.
IANS | Dhaka
