DHAKA: Bangladesh’s foreign exchange reserves hit a record $32.56 billion at the end of February, the central bank said today (Wednesday, March 01, 2017), up nearly $840 million on the previous month.
The reserves are sufficient to cover about nine months’ worth of imports and are $4.5 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.
