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Bangladesh's forex reserves $21 billion

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Staff writer ▼ | August 5, 2014
Bangladesh's foreign exchange reserves stood at over $21 billio at the end of July this year, the country's central bank said.
South Asia   The 20-billion-dollar mark reached for the first time
A Bangladesh Bank official, who preferred to be unnamed, said that "the country's foreign exchange reserves stood at $21,383.48 million at the end of the July"

Bangladesh's foreign exchange reserve hit $21 billion in the middle of June. The country's foreign exchange reserves on April 10 reached the 20-billion-dollar mark for the first time, reflecting the country' s strength from the economic and financial point of view.

Bangladesh, with a population of about 153 million, needs a reserve of about $10 billion to meet its import bills for three months according to an internationally accepted standard.