Forex reserve touches record $28 billion

Bangladesh’s foreign currency reserve today crossed a record $ 28 billion standing on a rise in export and incoming remittances from abroad.

Kazi Sayedur Rahman, general manager forex reserve and treasury management department of the Bangladesh Bank told The Daily Star of the update.

“It is attributed to falling commodity prices, a rise in export and inflowing remittances,” he said. “Declining import bills for petroleum oil and food grain also fueled the reserve.”

The reserve of $28 billion is enough to meet the country's import bills for more eight months, according to the central bank.