Bangladesh's January forex reserve reaches $31.72 billionStaff Writer | February 21, 2017
Bangladesh's foreign exchange reserve reached $31.72 billion at the end of January, said a central bank official.
Economy in Asia Foreign exchange reserves
Bangladesh's foreign exchange reserves crossed the 32 billion mark first time in December last year on a steady inflow of remittances.
Earlier in August, 2015 the country's foreign reserve reached the $31 billion.
Officials said Bangladesh is in a position to pay over 10 months' import bills with the existing reserves, which are also enough to help the central bank's efforts in keeping the foreign exchange market stable.
Bangladesh's cabinet earlier this month approved a proposal to float a sovereign wealth fund with its foreign currency reserves to pave the way for future mega infrastructure investment. ■