DHAKA: Bangladesh’s foreign exchange reserves stood at an all-time high of $19.15 billion at the end of February, the central bank said on Sunday.

The higher reserves, which stem from a widening current-account surplus, are enough to cover more than six months of imports.

At the end of February 2013, reserves totalled $13.85 billion.

Rising exports and slowing imports have helped build reserves despite a drop in inward remittances due to fewer Bangladeshis going abroad to work.

Source: brecorder.com
BDST: 2125 HRS, MAR 02, 2014