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PM: Forex reserve enough to meet 9 months' food import bill

Bangladesh has to grow more crops despite having enough reserves, Sheikh Hasina says

Update : 27 Jul 2022, 06:52 PM

Prime Minister Sheikh Hasina on Wednesday said Bangladesh would be able to meet six to nine months of import expenditures with the existing foreign currency reserves.

“We have money in our hands to import food grains and others (essentials items) for at least three months during any crisis. We’ll be able to import food for six to nine months, not for only three months, with the reserve that we have now,” she said.

The premier was addressing the 28th founding anniversary program of Bangladesh Awami Swechasebak League at the Krishibid Institution Bangladesh auditorium in Dhaka’s Farmgate area, joining it through a virtual platform from her official residence, Ganabhaban.

She said that despite having enough reserves, the government will have to take steps to grow more crops in order to save the foreign currencies and keep the forex reserves for any emergency.

Awami Swechasebak League, an associate body and the volunteer wing of the Awami League, was founded on July 27, 1994.

The premier unveiled the cover of a publication titled “Swechasebar Ek Bochhor” highlighting the activities of the Swechasebak League in the last one year.

At the function, a cake was cut celebrating the birthday of Sajeeb Wazed Joy, son of Sheikh Hasina and her ICT affairs adviser.

A documentary was screened on the late Swechasebak League president Nirmal Ranjan Guha who had died on June 29.

The Swechasebak League founding president, AFM Bahauddin Nasim, also spoke at the function.

Acting president of Swechasebak League Gazi Mesbaul Hossain Shachchu presided over the event conducted by its General Secretary Afzalur Rahman Babu.

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