Staff Correspondent: 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.
Bangladesh’s economic growth hit a record 7.28 percent in the financial year ending June 2017, up from 7.11 percent the previous year.
- Bank lockers become safe haven for ill gotten resources
- No act of injustice to be tolerated in edu institutions
- Tanneries gone but not pollution
- Job termination to hit poverty reduction rate, GDP growth
- Extreme poverty to fall below 5 percent
- Onion prices rise again in Dhaka after brief fall
- Universities will decide about banning politics on campus
- BB makes existing beneficiary apparel makers ineligible for 1pc cash incentive
- Vegetable farming rises sharply in BD
- Bangladesh reiterates commitment to protect children’s rights