Bangladesh forex reserves hit record $31.90b

Source: Prothom Alo.

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.

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