The amount stood at $31.2 billion at the end of Thursday, Bangladesh Bank spokesperson Shubhankar Saha told bdnews24.com. This is good enough to clear import bills for the next nine months, going by an estimated monthly requirement of $3.5 billion. And now, 16 years later, Bangladesh Bank’s reserves have crossed the $31-billion landmark, meaning the reserves have grown by 31 times in all these years. As per international standards, countries are expected to maintain enough forex reserves to meet import costs for three months. Bangladesh clears ACU bills every two months.​More to follow

Source: bd News24 September 02, 2016 09:56 UTC