DHAKA, June 29 (Reuters) – Bangladesh’s central bank wants to increase the target for the country’s foreign exchange reserves by 20 percent to $6 billion to reflect the rising cost of imports, Bangladesh Bank officials said on Sunday. The International Monetary Fund and economists consider foreign exchange reserves equivalent to three months of imports to be the minimum desirable to face up to emergencies. The central bank raised the reserves target to $5. Officials said rising remittances from Bangladeshis working abroad and higher exports had helped keep the reserves at these levels. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more
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