Foreign exchange reserves climb past $33 billion
Dhaka, July 3 -- Bangladesh's foreign currency reserves have exceeded $33 billion, with another $1 billion added within a week.
Based on Bangladesh Bank's import data for April, the current reserves are sufficient to cover nearly five months of import payments.
However, the reserves are expected to decline slightly next week when Bangladesh settles its import bill with the Asian Clearing Union (ACU).
The central bank has yet to finalise the amount payable.
Bangladesh Bank spokesperson Arief Hossain Khan told bdnews24.com that reserves stood at $33.01 billion under the International Monetary Fund's BPM6 accounting standard at the close of business on Thursday.
Gross reserves stood at $37.66 billion, central bank Executive Director Ari...
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