Forex reserves stand at $32.97bn

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, according to the central bank.

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.