Dhaka, Bangladesh (BBN)- The country’s foreign exchange reserve crossed the US$ 11-billion mark on Wednesday, officials said.
“The forex reserve exceeded US$ 11.01 billion on the day because of slowing imports and steady remittance growth,” a senior official of the Bangladesh Bank (BB) told BBN.
He also said the reserve may cross US$12-billion mark within the next two to three months.
Non-resident Bangladeshis send $1.167 billion in remittance in August last, up by 6.0 percent over the same month last year.
This is the ninth consecutive month that Bangladesh has received over one billion US dollar in remittance.
The remittance in the first two months of the fiscal year 2012-13 rose by 11.9 percent over the same period a year ago.
BBN/SSR/AD-12Sept12-11:58 pm (BST)
