Dhaka, Bangladesh (BBN)- Bangladesh’s foreign exchange (forex) reserve has crossed the US$33 billion-mark again following inclusion of asset with International Monetary Fund (IMF) in its reserve calculation.
The reserve rose to $33.08 billion on Tuesday from $32.99 billion of the previous working day, according to the central bank’s latest statistics.
Earlier on October 06 last calendar year the reserve reached $33.01 billion.
Bangladesh’s forex reserve has got nearly US$200 million, equivalent to SDR 134 million, after including the asset, termed as reserve tranche position (RTP) in the estimation.
The country’s forex reserve rose to $32.97 billion on April 12, after adding the RTP, from $32.74 billion of the previous working day.
Talking to BBN, a senior official of the Bangladesh Bank (BB) said the country’s reserve has crossed the $33 billion-mark again following inclusion of the asset with IMF’s currency-SDR (special drawing rights).
Besides, the inflow of fund from overseas sources has been increased recently that also helped crossing the $33.0 billion-mark again, the central banker explained.
The country will be able to settle more than seven months’ import bills with the existing reserve, he added.
Bangladesh’s forex reserve is facing pressure mainly due to higher import payment obligations in the recent months particularly for food grains, fuel oils and capital goods.
BBN/SSR/AD