DHAKA, March 13 (Xinhua) -- Bangladesh's foreign exchange reserve reached 32.56 billion U.S. dollars at the end of February, said a central bank official on Monday.
The Bangladesh Bank (BB) Forex Reserve and Treasury Management Department official who did not like to be named told Xinhua that "the country's foreign exchange reserves stood at 32,556.66 million U.S. dollars in February after reaching 31,724.317 million U.S. dollars on Jan. 31."
Bangladesh's foreign exchange reserves crossed the 32 billion U.S. dollars mark first time in December last year on a steady inflow of remittances.
Earlier in August, 2015 the country's foreign reserve reached 31 billion U.S. dollars.
The Bangladeshi government has recently decided to float a sovereign wealth fund with a part of hefty foreign currency reserve lying idle.
Officials said Bangladesh is in a position to pay over 10 months' import bills with the existing reserves, which are also enough to help the central bank's efforts in keeping the foreign exchange market stable.
