Forex reserves hit record $22.37b

Bangladesh’s foreign exchange reserves reached a new height on Thursday crossing the $22.37 billion-mark for the first time in the nation’s history.
Forex reserves stood $22.37 billion on Thursday, highest in the history of the country, said Bangladesh Bank Governor Dr Atiur Rahman on Thursday afternoon.
He came up with announcement while addressing a programme on agriculture credit disbursement to Tk 10 bank account holders at the central bank in the capital city.
He said the $22.37-billion reserve is good enough to face any internal or external economic shock and also meet four months’ import bills.
Earlier, the highest reserve record was $ 22.36 billion on November 5 while $22 billion on October 8 this year.
Bangladesh Bank officials said the rising trend of foreign exchange reserve was due to the growing trend in the inward remittance and enhanced export earnings.