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flag Bangladesh's foreign exchange reserves dropped below $20 billion, prompting efforts to boost remittances.

flag Bangladesh's foreign exchange reserves fell below $20 billion by the end of October 2024, dropping to $18.44 billion after Asian Clearing Union payments. flag The country's gross reserves were $25.5 billion at the end of October. flag To boost reserves, the central bank is offering incentives to attract more remittances from expatriates, with remittances totaling nearly $9 billion in the July-October period.

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