International Reserves in Bangladesh
Bangladesh - International ReservesThe economy appears to be in good shape so far in FY 2020, which started in July. In July–October, remittances increased by around one-fifth in U.S. dollar terms compared to the same period a year earlier. In addition, wages of low-skilled workers rose annually by over 6% in July–September and bank lending increased by over 12% in the same period. These developments indicate healthy domestic demand. They also likely mitigated the impact of the introduction of a wider VAT regime and a one-third increase in natural gas prices in July. However, in July–October, exports of goods decreased by nearly 7% in annual terms, largely due to a drop in ready-made garment exports. In other news, two large Saudi energy companies announced in October they will soon build an LNG facility in Bangladesh worth approximately USD 3 billion, boding well for fixed investment.
Bangladesh - International Reserves Data
|International Reserves (USD)||18.0||22.4||27.9||32.1||33.2|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh International Reserves Chart
|Exchange Rate||84.89||0.14 %||Jan 01|
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