Government spokesman Mobhare Matinyi said the allegations were false
Bangladesh forex reserves again top $22 billion
Foreign exchange reserves at Bangladesh Bank have again crossed $22 billion.
Published : 8 Oct 2014, 04:33 PM
Updated : 8 Oct 2014, 04:33 PM
According to Bangladesh Bank, the reserves stood at $22.02 billion at the closing of Wednesday’s transactions.
The central bank’s Forex Reserves and Treasury Management Department General Manager Kazi Saidur Rahman said ‘positive trend’ of export earnings and increased flow of remittance ahead of the Eid-ul-Azha and Durga Puja fuelled the rise.
The reserves had reached record $22 billion on Aug 7 but went down after Bangladesh cleared Asian Clearing Union (ACU) import bills.
India holds forex reserves of over $300 billion, the highest in South Asia, and Pakistan $10 billion.
According to the central bank, remittance inflow during the first three months of the current fiscal year, begging on July 1, registered 22 percent increase over the same period.
In July, Bangladeshis living abroad sent home $1.48 billion, the highest for any month.
On the other hand, exports in the 2013-14 fiscal year fetched Tk $30.18 billion, 12 percent higher than the previous FY’s figure.
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