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Forex reserve exceeds $20bn

Star Online Report

Foreign currency reserve continued its record growth to reach $20 billion today on the back of a modest growth in remittances and exports and a fall in imports.

This was the first time in the history that the reserves have surged past the $20 billion mark, which placed Bangladesh second only to India in the subcontinent, the central bank said.

On March 19 this year the reserve crossed $19 billion for the first time.

Published: 7:42 pm Thursday, April 10, 2014

Last modified: 9:57 pm Thursday, April 10, 2014

TAGS: Bangladesh forex growth

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