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Forex reserves record of Bangladesh high at $32bn

Bangladesh foreign exchange reserves hit a record $ 32.09 billion at the end of December, the Central Bank said on Tuesday to $ 720m over the previous month.

The reserves were sufficient to cover over nine months worth of imports, and are $ 4.6bn higher than a year ago.

Constant clothing exports and transfers from Bangladeshis, which have helped overseas, the main drivers of the country’s more than $ 200 billion economy, have been reserves in recent years.