The gross foreign exchange reserves of the Bangladesh Bank stood at US$ 2823.74 million (Taka 200.49 billion) at the end of January, 2006 compared to US$ 2825.76 million (Taka 200.63 billion) at the end of December, 2005, reports BSS. The reserve of the foreign exchange during January last year, however, was $3038.65 million (Taka 215.74 billion). The country made higher import payments during the first half of the current fiscal (2005-06) due to rise in prices of fuel oil and some food items like sugar against slightly lower inflows of remittances sent by non-resident Bangladeshis, resulting to marginal fall in foreign exchange reserve at the end of January this year, Bangladesh Bank source said.
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