The country’s remittances dropped at US$ 4.6 billion or 1.67 percent during the first five months of the current fiscal compared with US$ 4.66 billion at the same period a year ago.

The total liquid assets of the scheduled banks stood lower at Tk 821.65 billion as of end November, 2010, against Tk 871.97 billion as of end June, 2010.

Excess liquidity of the scheduled banks also recorded lower at Tk 247.57 billion as of end November, 2010, against

The gross foreign exchange reserves of the Bangladesh Bank declined to US$10.7 billion as of end November last year, against $11.6 billion (with ACU liability of US$ 599.80 million) by end October, 2010, according to BB report.

The gross foreign exchange reserves during November 2010 is equivalent to import payments of 4.73 months. The country spent US$ 2.2 billion per month based on the previous 12 months average.

The gross foreign exchange balances held abroad by commercial banks stood lower at US$ 542.48 million by end November, 2010 against US$583.21 million by end October, 2010.

This was also lower than the balance of US$564.57 million by end November, 2009.

Tk 344.99 billion as of end June, 2010.

As on end November 2010, liquid assets of state owned banks was Tk 267.62 billion, private commercial banks Tk 372.25 billion, private Islamic banks Tk 88.32 billion, foreign banks Tk 84.15 billion, specialised banks Tk 6.30 billion.

The excess liquid assets of state owned banks as on end November 2010 totaled Tk 94.62 billion, private commercial banks Tk 85.19 billion, private Islamic banks Tk 28.85 billion, foreign banks Tk 37.63 billion, specialised banks Tk 1.27 billion.

As on end June 2010, liquid assets of state owned bank was Tk 310.89 billion, private commercial banks Tk 358.56 billion, private Islamic banks Tk 96.34 billion, foreign banks Tk 92.48 billion, specialised banks Tk 13.70 billion.

The excess liquid assets of state owned banks as on end June 2010 totaled Tk 152.68 billion, private commercial banks Tk 98.20 billion, private Islamic banks Tk 42.86 billion,foreign banks Tk 45.16 billion, specialised banks Tk 6.07 billion.

Reserve money recorded an increase of Tk 18.59 billion or 2.31 percent during July-September, 2010 compared to the increase of Tk 52.11 billion or 7.51 percent during July-September, 2009.

The increase of reserve money growth was mainly due to rise in the net foreign assets of Bangladesh Bank by Tk 30.09 billion or 4.92 percent during the period under report.

However, the net domestic assets of Bangladesh Bank decreased by Tk 11.50 billion or 5.96 percent during July-September, 2010.

The reserve money multiplier increased to 4.60 at the end of September, 2010 from 4.51 of June, 2010.

Source: Daily Sun/ Bangladesh/ Jan-07-2011