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Bangladesh sees rise in foreign exchange reserve
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SME Times News Bureau | 03 Sep, 2015
Bangladesh's foreign exchange reserve hit an all-time high of $26.18 billion 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, Xinhua reported.
According to the official, the country's foreign exchange reserves stood at USD 26,175.34 million on August 31 after reaching at USD 25,464.28 million in July.
Bangladesh's foreign exchange reserves on August 17 touched the $26 billion mark for the first time.
Bangladesh, with a population of around 153 million, needs a reserve of some USD 10 billion to meet its import bills for three months in light of an internationally accepted standard.
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