September 4, 2017 / 5:32 AM / 3 months ago

Bangladesh foreign exchange reserves hit record high at end-August

DHAKA, Sept 4 (Reuters) - Bangladesh’s foreign exchange reserves hit a record high of $33.60 billion at the end of August, the central bank said on Monday, up $690 million from the previous month.

The reserves are sufficient to cover about 10 months’ worth of imports for the country of 160 million people, and are $3.55 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 foreign exchange reserves grow steadily in recent years. (Reporting by Ruma Paul; Editing by Subhranshu Sahu)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below