Foreign exchange reserve crosses $39 billion
Staff Reporter Published: 1 September 2020, 07:09 PM
For the first time, foreign exchange reserve of Bangladesh Bank has surpassed 39 billion dollars.
On Tuesday, the central bank's foreign exchange reserve stood at 39.40 billion dollars, a source in BB said.
Estimating import costs 4 billion dollars each month, it is possible to meet the costs of around nine and a half month with the reserve.
The central bank officials said remittance through legal channels, low pressure of import costs, donor agencies World Bank, IMF and JICA's loan assistance and world organizations' donation contributed to the rise in reserve.
