The foreign currency reserve and inflow of remittances hit the new record in the country in July despite the economic fallout triggered by the COVID-19 pandemic, reports BSS.
The expatriates have sent $2.6 billion which is an all-time high monthly amount in the country’s remittance history, according to a press release of the Finance Ministry.
In June, the country received $1.83 billion in remittance.
At the same time, foreign exchange reserve in the country stood at record $37.287 billion till July 31.
The foreign currency reserves were $36.016 billion on June 30 this year while it was $32.716 billion in June of the previous year.
The increase in remittance inflow played a significant role in the unprecedented increase in foreign currency reserve.
Finance Minister AHM Mustafa Kamal expressed gratitude and thanks to all the expatriates for tireless efforts.
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