January 1, 2018 / 10:29 AM / 6 months ago

Bangladesh forex reserves rise to $33.2 bln by Dec-end

DHAKA, Jan 1 (Reuters) - 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.

Reporting by Ruma Paul; Editing by Biju Dwarakanath

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