May 6, 2018 / 9:19 AM / in 6 months

Bangladesh foreign exchange reserves rise to $33.11 bln at end-April

DHAKA, May 6 (Reuters) - Bangladesh’s foreign exchange reserves rose to $33.11 billion at the end of April, $709 million more than one month earlier, the central bank said on Sunday.

The reserves were up nearly 2 percent from one year earlier. They are sufficient to cover about 10 months’ worth of imports for the country of 160 million people, according to the central bank.

Steady garment exports and remittances from Bangladeshis working overseas - the key drivers of the country’s economy - have helped foreign exchange reserves grow steadily in recent years. (Reporting by Ruma Paul; Editing by Richard Borsuk)

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