Bangladesh's BoP surplus dips 16 percent in current FY

(MENAFN) According to an official, Bangladesh's overall balance of payment (BoP) surplus has declined 16 percent, reaching USD3.89 billion in the first three quarters of the current financial year which ends in June 2014, Xinhua reported. "Overall BoP registered a surplus of USD3.885 million in July-March period of 2013-14 fiscal year (July 2013- June 2014)," an official at The Bangladesh Bank (BB) said. In the first three quarters of the last 2012-13 fiscal year (July 2012-June 2013) Bangladesh's BoP surplus reached USD3.948 million, he added. The BB official attributed the BoP surplus decrease to the ease political strife, which caused the country's imports to soar.