Bangladesh foreign exchange reserves fall in January

By Kitco News / February 04, 2018 / www.kitco.com / Article Link

DHAKA, Feb 4 (Reuters) - Bangladesh's foreign exchange reserves fell to $32.69 billion as at the end of January from $33.23 billion the previous month, but were up nearly 3 percent from a year earlier, the central bank said on Sunday.

The monthly decline was fuelled by a rise in imports, a senior central bank official said, adding the reserves were sufficient to cover about 10 months' worth of imports for the country of 160 million people.


(Reporting by Ruma Paul)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold producers and juniors back to recent highs

February 10, 2025 / www.canadianminingreport.com

US tariff hikes shock market and drive retaliation

February 03, 2025 / www.canadianminingreport.com

Defensives and other sectors far outpace tech since H2/24

February 03, 2025 / www.canadianminingreport.com

Gold miner stock ETFs outpace rest of sector from mid-2024

January 27, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok