4:32 pm - Saturday September 25, 3441
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regulator

Forex reserve crosses $ 27b

The country’s foreign exchange reserve crossed a new height of US$ 27 billion mark on Thursday. Bangladesh Bank executive director M Mahfuzur Rahman confirmed this to Prothom Alo on Thursday. He, however, said they were working on to ascertain the final amount of the forex reserve at the end of the day. Earlier on 17 August, country’s foreign exchange reserve surpassed US$ 26 billion benchmark for the first time. According to international standard, a country should ideally have reserves to meet the import bill for at least three months. But, Bangladesh has now enough reserves to pay import bills for around seven months.

-Prothom Alo