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Foreign currency reserve, annual remittances hit record highs

Published : Friday, 5 June, 2020 at 10:09 PM  Count : 295

Foreign currency reserve, annual remittances hit record highs

Foreign currency reserve, annual remittances hit record highs


The foreign currency reserve and inward remittances hit new highs in the midst of the coronavirus pandemic.

For the first time in country’s history the foreign currency reserve touched 34.23 billion USD (US dollar), said a press release from the Finance Ministry.

Earlier in 2017, foreign currency reserve hit the previous highest on record at 33.68 billion USD.

Besides, Bangladesh received its highest ever annual inward remittance of 16.56 billion USD until June 3, which is the outcome of the government’s two percent stimulus package, claimed the press release.

In last fiscal year 2019-20, remittance collection was 16.42 billion USD until June 30.





UNB/GY



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