DHAKA: Foreign exchange reserves of Bangladesh Bank (BB) rose to a record $18.07 billion at the end of December from $17.11 billion in November.

Sources from the central bank of the country said that the reserves are enough to cover six months of imports’ expenditure.

Rising exports, a slow pace of imports and steady remittances from Bangladeshis working overseas have helped build reserves, sources added.

Exports in the first five months of the fiscal year (July to November) rose to an annual 18 percent to $11.96 billion as a result of rising clothing sales.

BDST: 2015 HRS, JAN 01, 2014
Edited By: Shameem Reza, Newsroom Editor/ M. Mahbub Alam, Asst Output Editor