Monday, 25 Nov, 2024

Business

Forex reserve sets $20.27b benchmark

Staff Correspondent |
Update: 2014-06-01 09:59:00
Forex reserve sets $20.27b benchmark

DHAKA: Bangladesh’s foreign exchange reserve on Sunday crossed the $20.27 billion mark for the first time in history, riding on buoyant remittance inflows, moderate exports and declining import payments.

Wishing anonymity, a Bangladesh Bank (BB) official said, “The country's foreign exchange reserves stood at 20,267.46 million at the end of May.”

The reserve was 20,362.85 million US dollars at the end of April.

For the first time, country's foreign exchange reserves hit the 20 billion US dollars mark on April 10.

BDST: 1924 HRS, JUN 01, 2014

 

 

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.