Bangladesh can now cover four months’ import cost with its foreign currency reserves, which is the lowest in the last six years, according to the Mastercard Economic Institute.
The information was revealed at a roundtable discussion on the “State of the Global, Regional, and Bangladesh Economic Outlook” organised by Mastercard on Sunday in Dhaka.
In the keynote, David Mann, chief economist for Asia Pacific and Middle East Africa at the Institute, showed that Bangladesh was able to cover 12 months’ import cost with its forex reserves in mid-2020.
But the coverage capacity has been declining and stands at four months in June this year, he said.
