Dhaka, Bangladesh (BBN) - The country’s foreign exchange (forex) reserve crossed the US$ 11-billion mark on Wednesday, officials said.
The forex reserve rose to $11.03 billion Wednesday from $10.92 billion of the previous day, following the purchase of the US dollar for the banks, they added.
"The forex reserve position has improved recently due mainly to steady growth of inward remittance, lower import payments and strengthening repatriation of export proceeds," a senior central banker told BBN.
On February 28, the foreign currency reserve crossed the US$ 10-billion mark and it hit highest ever $11.34 billion on May 3, 2011.
BBN/SSR/AD-09Aug12-11:55 am (BST)
