Bangladesh forex reserves hit record $ 32 b

Wednesday, 2 November 2016 00:01 - - {{hitsCtrl.values.hits}}

Reuters: Bangladesh’s foreign exchange reserves hit a record $ 31.90 billion at the end of October, up $ 520 million from the previous month, the central bank said on Tuesday.

The reserves were sufficient to cover about nine months’ worth of imports, and are $ 4.32 billion higher than a year ago.

Steady garment exports and remittances from Bangladeshis working overseas, the key drivers of the country’s more than $ 200 billion economy, have helped build reserves in recent years.