DHAKA - Bangladesh’s foreign exchange reserves rose to $10.36 billion at the end of June from $9.52 billion in May, which was their lowest since January, although they were down from $10.91 billion a year earlier, the central bank said on Sunday.
Foreign exchange reserves rose to a record $11.32 billion in April 2011 but have since fallen because of rising imports, mainly oil, while exports and remittances grew more slowly in the weak global economy.
Exports dipped for the third month in a row in May, as the euro zone debt crisis continued to subdue the country’s economy. Total exports for July-May, the first 11 months of the financial year, were up 7 percent from a year earlier, to nearly $21.98 billion. Remittances for the first 11 months of the fiscal year rose 11 percent to $11.77 billion. That outpaced the previous fiscal year’s total inflows of $11.65 billion.