Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, January 21, 2019 06:43:20 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Forex reserves cross $26b mark

By bdnews24.com
19th-Aug-2015       
Comments
Share your thought
Post a comment »
Read all () »


Bangladesh's foreign exchange reserves have crossed the $26 billion mark for the first time.
On Monday, the reserves reached $26.03 billion, enough to foot the import bill of at least seven months, said Kazi Sayedur Rahman, general manager of Bangladesh Bank's Forex Reserve and Treasury Management Department.
He attributed the rise to the increased inflow of remittance from the expatriates and earnings from exports.
International standards require a country to have reserves to meet import costs of at least three months.
Bangladesh clears Asian Clearing Union (ACU) bills every two months.
Lesser than normal spending on import of fuel oil and commodities also played a role in the reserves increasing, Rahman told bdnews24.com.
According to the central bank data, forex reserves were a little over $21 billion on June 31 last year.
For the first time in the country's history, the reserves had crossed the $23 billion mark on Feb 26 this year.
But, the figure dropped to $22 billion after the central bank cleared import bills for January-February period amounting $1.01 billion to ACU in the first week of March.
The reserves again crossed $23 billion on Mar 30 and exceeded $24 billion on Apr 29.
The reserves soared over the $25 billion mark on June 25.
The payment of $1 billion in ACU bills in the first week of July saw it drop to $24.4 billion on July 8. But it recovered within a week to rise to $25 billion again on July 14.
Kazi Sayedur Rahman on Monday said forex reserves would remain at $26 billion until the first week of September before the import bills for July-August period would be paid to ACU.

Tariff
Add Rate

News Archive

Inside The New Nation

Entertainment »

Munmun, Achol`s movie Ragi


Sheikh Arif Bulbon :Last week shooting of Mizanur Rahman Mizan directed movie Ragi again started at BFDC in the capital’s Karwanbazar area. In the middle days, its shooting was stopped. This time Achol has been attached with the movie. After Achol’s engagement in Ragi, its shooting got momentum. In the ...

Sports »

Ko, Ji charge to LPGA lead with Henderson one back


New Zealand's Lydia Ko and South Korea's Ji Eun-hee each fired a five-under par 66 to share the lead after Saturday's third round of the LPGA Tournament of Champions.Ko and Ji charged into contention by going low on the front side and parring their way home to stand on 13-under ...

Football »

Salah fires Liverpool seven points clear, Arsenal rock Chelsea


Liverpool moved seven points clear at the top of the Premier League as Mohamed Salah's double inspired a dramatic 4-3 victory over Crystal Palace, while Arsenal ignited their top-four bid by beating Chelsea on Saturday.With second-placed Manchester City travelling to bottom-of-the-table Huddersfield on Sunday, Liverpool seized the chance to tighten ...

City »

Prime Minister Sheikh Hasina being greeted by Home Minister, secretary and IGP during her visit to the Home Ministry yesterday.


International »

Trump offers 3-year protection for immigrants in exchange for border wall


The Washington Post :President Donald Trump on Saturday offered Democrats three years of deportation protections for some immigrants in exchange for $5.7 billion in border wall funding, a proposal immediately rejected by Democrats and derided by conservatives as amnesty.Aiming to end the 29-day partial government shutdown, Trump outlined his plan ...

Cricket »

Rangpur Riders beat Sylhet Sixers


Sports Reporter :Rangpur Riders beat Sylhet Sixers by four wickets in their match of the UCB 6th Bangladesh Premier League (BPL) T20 cricket at Sylhet International Cricket Stadium on Saturday.Chasing Sylhet's fighting total of 194 for the loss of four wickets in 20 overs, Rangpur Riders reached the winning target ...

Sports »

Virat Kohli attends Australian Open, posts picture with Roger Federer


The Indian team completed its most successful campaign Down Under as they won the Test and ODI series comfortably. After close to two months of energy-sapping cricket, skipper Virat Kohli along with wife Anushka Sharma looked in a relaxed mood and attended day six of the Australian Open in Melbourne ...

Entertainment »

Alia , Madhuri Nene on the set of Kalank


Alia Bhatt, Varun Dhawan, Madhuri Dixit Nene, Aditya Roy Kapur, Sanjay Dutt and Sonakshi Sinha star together in Kalank. Dharma Productions' next, Kalank, is being directed by Abhishek Varman. The film's shooting is currently on and Varun Dhawan wrapped up shooting for his part of the film just yesterday. However, ...

International »

Afghan Taliban reject talks with US in Pakistan


Reuters, Peshawar :The Afghan Taliban rejected reports in the Pakistani media that they were prepared to resume meetings with U.S. special envoy Zalmay Khalilzad in Islamabad and repeated their refusal to deal directly with the Afghan government.Pakistani newspapers and television stations reported that a meeting in Islamabad was in prospect ...

Editorial »

Bravery and courage of a Bangladeshi expatriate


FOR bravery and courage, a Bangladeshi expatriate has been honoured as he saved the life of a three-year-old boy in UAE. Bangladeshi expatriate Farouk, who works as a welder in Ajman of UAE, rescued the child thrown from the balcony of a burning apartment by his mother.Bangladeshi community in the ...

City »

Law enforcers stand guard for security measures on the occasion of victory rally of Bangladesh Awami League in the city's Suhrawardy Udyan. The snap was taken from TSC area of Dhaka University on Saturday.


City »

Information Minister Dr. Hasan Mahmud speaking at the extended meeting of Awami League at the party office in the city's Bangabandhu Avenue on Friday.


.

International »

Modi's pre-election handouts to cost India billions, breach fiscal targets


Reuters, New Delhi :A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees ($14 billion), two sources with direct knowledge of the matter said.Much of the cost of the extra spending or revenue ...

Cricket »

Dhoni, Jadhav power India to ODI series victory


Agency :MS Dhoni and Kedhar Jadhav scored half-centuries as India won the third and final ODI against Australia by seven wickets at Melbourne on Friday to seal the series 2-1.Chasing 231 to win, Dhoni (87*) and Jadhav (61*) put together a 121-run partnership to take India home after the bowlers, ...

Entertainment »

Achol returns acting slowly


Sheikh Arif Bulbon :Popular film actress of present time Achol has returned to acting but with the appearance of anger. Her elder sister Moonmoon is attached with the underworld. When she knows the matter she becomes anger. Achol will be seen by this way in Mizanur Rahman Mizan’s movie Ragi. ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news