Bangladesh forex reserves rise to $33.2bn
Bangladesh forex reserves rise to $33.2bn
Dhaka - Al Maghrib Today
Bangladesh’s foreign exchange reserves rose to $33.23 billion by the end of December, $630 million more than the previous month, the central bank said on Monday.
The reserves were up nearly 3.4 percent from a year earlier, and are sufficient to cover about 10 months’ worth of imports for the country of 160 million people.
Steady garment exports and remittances from Bangladeshis working overseas — the key drivers of the country’s more-than $250 billion economy — have helped foreign exchange reserves grow steadily in recent years.
Bangladesh’s economic growth hit a record 7.28 percent in the financial year ending June 2017, up from 7.11 percent the previous year.
Source: arabnews
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