Bangladesh’s foreign exchange reserves have crossed the $30bn mark amid a boom in inflow of remittances ahead of one of the biggest Muslim religious festivals
China’s foreign exchange reserves rose in April to $3.22tn, central bank data showed yesterday
The Malaysian ringgit led a rally in emerging market currencies Thursday as a surge in oil prices injected traders with confidence while minutes from the Federal Reserve suggested it will not hike interest rates for some time.
Gulf states are not expected to drop their long-term monetary link to the US dollar after the sharp drop in oil prices and fiscal reserves, Standard and Poor's said Tuesday.
