Country’s forex reserve now $10,381.72 million

http://www.bssnews.net/newsDetails.php?cat=7&id=160162&date=2011-02-09

Country’s forex reserve now $10,381.72 million

SANGSAD BHABAN, Feb 9 (BSS)-Finance Minister Abul Maal Abdul Muhith told the House today that the country’s foreign exchange reserve was US Dollar 10,381.72 million till January 31 this year, $283 million up from January 31 in 2010.

Replying to a question from Jatiya party lawmaker Begum Salma Islam, the finance minister said the present government has undertaken various steps to increase the forex reserve.

The measures, he said, include raising the number of exchange house, banks’ branches and drawing system, giving approval for using platform of the mobile operators following the application of commercial banks to reach the remittances to the recipients quickly.

“To prevent the hundi business, the anti-money laundering law is being enforced side by side with the foreign currency control law in the country,” he said.

The finance minister said US Dollar Investment Bond, US Dollar Premium Bond and Wage Earners’ Development Bond have been introduced for the expatriate Bangladeshis at an attractive interest rate.

“A road show was arranged from Teknaf to Tentulia side by side with holding meetings with bankers in every district to encourage incoming remittances through banking channel,” he said.

Replying to another question from ruling party lawmaker Murad Hasan, the finance minister said the government earned revenue income of Taka 6648.69 crore from cigarette and bidi sector in 2009-10 fiscal year, Taka 1258.79 crore up from the previous fiscal year.

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