Forex reserve stands $10.15b

Posted by BankInfo on Thu, Apr 26 2012 08:50 am

The country’s foreign exchange reserve totaled $10.15 billion on Wednesday after the International Monetary Fund (IMF) released the first installment of $141 million under its Extended Credit Facility (ECF).

The IMF will release the remaining amount of the $1 billion credit in six other equal installments in the next three years.

According to a source in Bangladesh Bank, the country’s foreign exchange market has sufficient liquidity now and remains more stable than that of the neighboring India.

BB source said the Indian Rupee was devalued by 7 percent, Pakistani Rupee by 0.5 percent and Sri Lankan Rupee by 15 percent in March compared to April.

The Daily Sun/Bangladesh/ 26th April 2012

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