Forex reserves top $ 17 bln again

[Saqueeb]

Bangladesh Bank's foreign currency reserves have crossed the $17-billion mark for the second time in two months thanks to buoyant remittance flow and export income.

In October, the reserves were above $17 bln but it came down below the mark after paying the Asian Clearing Union (ACU) import bills.

Kazi Saidur Rahman, who heads the bank's Forex Division, said the reserves were $17.07 bln at the end of Thursday.

"It is mainly because of remittance flow and the positive impact of export earning," he told bdnews24.com.

The reserves had reached a record $17-bln mark last October.

It subsequently came down below $16 bln after paying the ACU's $0.87 bln in import bill in the first week of November.