Bangladesh forex reserves record high at $32bn


Bangladesh’s foreign exchange reserves hit a record $32.09bn at the end of December, the central bank said on Tuesday, up $720m from the previous month.

The reserves were sufficient to cover about nine months’ worth of imports, and are $4.6bn higher than a year ago.

Steady garment exports and remittances from Bangladeshis working overseas, the key drivers of the country’s more than $200bn economy, have helped build reserves in recent years.

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