Forex reserves crosses $25bn mark | 2015-06-25 | daily-sun.com

Forex reserves crosses $25bn mark

Sun Online Desk     25th June, 2015 05:20:17 printer

Forex reserves crosses $25bn mark

Bangladesh's foreign currency reserves have exceeded $25 billion today, setting a new record.

 

Kazi Sayedur Rahman, general manager of Forex Reserve and Treasury Management Department at Bangladesh Bank (BB), confirmed this to media.

 

“The foreign exchange (reserves) is in a strong situation due to a stable growth in export earnings and remittance”, said Rahman, who heads the central bank’s Forex Reserve and Treasury Management Division.

The reserves were enough to pay import bills for seven months, he added.

 


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