DHAKA: Bangladesh’s foreign exchange reserves crossed the US $24 billion mark just after two months of standing at over US $23 billion on February 26.

General Manager of Forex Reserve & Treasury Management Department of Bangladesh Bank Kazi Saidur Rahman confirmed the matter to banglanews.

He further said the health of country’s foreign exchange reserves reflected the country’s strength from the economic and financial points of view.

Kazi Saidur Rahman also said the reserve reached at the point due to rise of remittance and export and decrease of import due to increase in food production in the country.

Bangladesh now has the second highest amount of foreign exchange reserve among the South Asian countries after India.

India’s reserve is now US $315 billion. Pakistan is in the third place with $15 billion.

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

BDST: 2126 HRS, APR 29, 2015
SR/RR/SMS