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Bangladesh sees rise in foreign exchange reserve

Xinhua, September 2, 2015 Adjust font size:

Bangladesh's foreign exchange reserve hit an all-time high of 26.18 billion U.S. dollars at the end of August, said a central bank official on Wednesday.

A Bangladesh Bank official, who preferred to be unnamed, said foreign currency reserves reached a new milestone last month, reflecting the country's strength in the economy.

According to the official, the country's foreign exchange reserves stood at 26,175.34 million U.S. dollars on Aug. 31 after reaching at 25,464.28 million U.S. dollars in July.

Bangladesh's foreign exchange reserves on Aug. 17 touched the 26 billion U.S. dollars mark for the first time.

Bangladesh, with a population of around 153 million, needs a reserve of some 10 billion U.S. dollars to meet its import bills for three months in light of an internationally accepted standard. Endi