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Bangladesh's foreign exchange reserves dropped below $20 billion, prompting efforts to boost remittances.
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.
The country's gross reserves were $25.5 billion at the end of October.
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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Las reservas de divisas de Bangladesh cayeron por debajo de los 20.000 millones de dólares, lo que provocó esfuerzos para impulsar las remesas.