BB weighs forex reserve effects against projected high imports
Thursday, 6 December 2007
Bangladesh Bank (BB) has started taking stock of the foreign currency position amid the projection of increased food imports as well as the soaring oil prices in the international market, reports UNB.
"We've started calculating the possible impact on the foreign exchange reserve position," BB Governor Salehuddin Ahmed said at a press briefing in the bank's conference room Wednesday.
"We're now saying that the (forex) reserve is comfortable, but the move is to see the possible impact of increased imports," he added.
The forex reserve now remained at around five billion US dollars.
"We've started calculating the possible impact on the foreign exchange reserve position," BB Governor Salehuddin Ahmed said at a press briefing in the bank's conference room Wednesday.
"We're now saying that the (forex) reserve is comfortable, but the move is to see the possible impact of increased imports," he added.
The forex reserve now remained at around five billion US dollars.