Bangladesh foreign exchange reserves hit record at end-June

DHAKA (Reuters) - Bangladesh's foreign exchange reserves hit a record $33.49 billion at the end of June, the central bank said on Sunday, up $1.24 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 $3.45 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)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 02 2017 | 12:22 PM IST
