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Bangladeshi reserves up to $32.52 bln at end-April
May 2, 2017 / 6:50 AM / 7 months ago

Bangladeshi reserves up to $32.52 bln at end-April

DHAKA, May 2 (Reuters) - Bangladesh’s foreign exchange reserves rose to $32.52 billion at the end of April, the central bank said on Tuesday, up nearly $300 million from the previous month.

The reserves are sufficient to cover imports for about nine months and are $4.25 billion higher than a year ago.

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.

Reporting by Ruma Paul; Editing by Robert Birsel

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