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Tuesday, April 16, 2024

Forex reserves touches $37 billion amid COVID19

This is the highest amount of remittance in a single month in the history of Bangladesh

Representational Image/Collected

Country’s foreign exchange reserves for the first time has touched a new record of US$37.10 billion amid running pandemic.

The inflow of remittance has played a vital role to raise the foreign exchange reserve to 37.10 billion on Monday, as per a release of the Finance Ministry issued yesterday.

It also said the inflow of remittance has shown an incredible surprise at the beginning of the fiscal year 2020-21 (FY21), reports BSS.

Earlier, the previous highest reserves amounting $36.016 billion were
recorded on 30 June, 2020.

Expatriate Bangladeshis sent around $2.242 billion remittances during
the first 27 days of July in the current fiscal 2020-21.

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