Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

Bangladesh Forex Reserves hit $16Bb again

Discussion in 'International Politics' started by S K Mittal, Sep 23, 2013.

Thread Status:
Not open for further replies.
  1. S K Mittal

    S K Mittal Major SENIOR MEMBER

    Joined:
    May 15, 2013
    Messages:
    2,423
    Likes Received:
    305
    Foreign currency reserves have again reached $16 billion although imports have started rising at the start of the current fiscal year. Forex reserves first crossed the $16 billion mark in August.
    The reserves which came down to $15.73 billion after paying $890 million in bills to the Asian Clearing Union on September 9 stood at $16.08 billion yesterday, said a high official of the central bank.
    Imports rose by 7.78 percent year-on-year in July, backed by food grains and capital machinery, according to data from Bangladesh Bank.
    In July, imports of rice and wheat shot up by 118 percent year-on-year and capital machinery by 21 percent and raw materials by 10.58 percent, according to the LC settlement statistics.
    In the last fiscal year, imports fell by 4.36 percent due to a sluggish investment situation, compared to the previous year.


    Forex reserves hit $16b again
     
    1 person likes this.
  2. BhaiHere

    BhaiHere BANNED BANNED

    Joined:
    Sep 24, 2013
    Messages:
    5
    Likes Received:
    0
    Small countries have better financial status than big countries.
     
Thread Status:
Not open for further replies.

Share This Page