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Bangladesh forex reserves rise to $33.2b

Bangladesh forex reserves rise to $33.2b

DHAKA: 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.