Bangladesh's forex reserves reach over 32 bln USD in October
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Bangladesh's foreign exchange reserves reached over 32 billion U.S. dollars by the end of October, central bank data showed on Monday.
Bangladesh Bank (BB) data showed the country's foreign exchange reserves stood at 32,434.73 million U.S. dollars in October compared with 31,832.80 million U.S. dollars in September.
For a growing economy like Bangladesh, forex reserves equivalent to six months' import bills are considered adequate.
With the existing reserves, Bangladesh Bank officials said Bangladesh is still in a position to pay about seven months' import bills.
Bangladesh's foreign exchange reserves crossed the 33-billion-U.S. dollar mark in June 2017.
Source: http://www.xinhuanet.com
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