Forex reserve still in standard level: BB governor

Bangladesh Bank (BB) Governor Fazle Kabir on Monday said that the country's foreign exchange reserves are still in a standard level, reports BSS.

"The reserves stood at $41.7 billion, which is good enough to settle import bills for more than five and a half months. Import payments of the country stood at on average 7.5 billion in the last 10-11 months. It is the standard level for any country to keep reserves to settle import bills for at least three months. So, we are still in a comfort zone," he said.

The central bank governor said this while speaking at a cyber-security summit organised by the Association of Bankers, Bangladesh (ABB) at a hotel in the city.

Fazle Kabir said the country has been facing foreign exchange pressure in the last couple of months due to the soaring import payments stemmed from the global supply chain disruption.