ADB fund helps forex reserve crosses $10 billion

Dhaka, Bangladesh (BBN)- The country’s foreign exchange reserve has crossed US$10.0-billion mark for the first time, after a substantial amount of fund was received from a multilateral donor agency, officials said on Wednesday.

The Asian Development Bank (ADB) has released funds worth around $650 million aiming to help the government overcome the impact of the global economic meltdown and minimizing the fiscal deficit of Bangladesh.

The foreign exchange reserve rose to $10.03 billion on the day from $9.30 billion of the previous day following disbursement of the fund by the ADB, the central bank officials confirmed.

“The country’s foreign exchange reserve crossed $10.0 billion on the day setting a new record in the history of Bangladesh,” a senior official of the Bangladesh Bank (BB) told BBN in the capital, Dhaka.

BBN/SS/SI/AD-11November09-2:00 pm (BST) 

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