Dhaka, Sunday, April 22, 2018

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Forex reserves stand at $32.97bn

DHAKA, April 13, 2018 (BSS) - Bangladesh's foreign exchange reserves stood at US$32.97 billion on April 12, according to the Bangladesh Bank (BB) latest data.

The reserves are sufficient to cover imports of about nine months.

On March 29, 2018, reserves were $32.40 billion. The latest figure was $0.57 billion more than the figure of 29 March, 2018 and $0.68 billion above the 11 April, 2017 figure.

Steady garment exports and remittances from Bangladeshis working abroad have helped build reserves in the recent years.

Expatriate Bangladeshis sent $10,761.29 million remittance in the first nine months of the current fiscal 2017-18, which is 17.04 per cent higher than the amount received in the corresponding period of the preceding fiscal.

According to the central bank, the country received $9,194.59 million remittance during July-March period of 2016-17 financial year.