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Forex reserve hits $23.03-bn mark

27 February,2015

RTNN News Desk: The country's foreign exchange reserve on
Thursday set a new record hitting $23.03 billion on the positive
remittance inflow.

"The decrease in import also contributed to setting the new
forex-reserve record," Bangladesh Bank general manager AFM
Asaduzzaman told UNB.

The previous record was $22.38 billion on December 18 last.

Bangladesh Bank officials said the rising trend of foreign exchange
reserve was due to the growing trend in the inward remittance. The
declining trend of import also played a vital role in boosting the
reserve.

Besides, the import business has been experiencing shocks due to the
ongoing political turmoil that resulted in continuous blockade and
hartal since January 5 this year.

BB officials said the $22.38-billion reserve was good enough to face
any internal or external economic shock and also meet more than four
months' import bills.

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