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The foreign exchange reserve crossed the $ 13 billion mark for the first time on Monday, thanks to a robust growth of inward remittance as well as decreasing import payment.
The reserve rose to $13.04 billion on the day - the first week this year - setting a new record, according to the central bank statistics.
Kazi Sayedur Rahman, General Manager (GM) of the Forex Reserve and Treasury Management Department of Bangladesh Bank, told that strong inflow of remittance, pledged foreign assistance, increase in export earnings and declining import trend played an important role to help fuel the reserve.
Bangladesh's foreign exchange reserves rose to $9.63 billion at the end of December 2011, which grew 32 percent to $12.75 billion by the end of December 2012.
In the year gone by, expatriate Bangladeshis set a new annual record for remittance, sending home a staggering $14.2 billion.
The remittances increased by about $2 billion within a gap of one year and the figure represented a 16.3 percent increase over 2011.
