Bangladesh forex reserves cross $32 bn

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Rbd Desk :

Bangladesh’s foreign exchange reserves crossed the $32bn mark on Thursday.

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

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.

The reserves are however rising despite the flow of remittances declined by over 15 percent in past four months.

Experts of the country see the rise significant even after having $81 million stolen by cyber thieves

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