loader image for Bangladeshinfo

Headlines

  • Liverpool’s EPL title hopes hit by 2-0 loss to Everton

  • PSG edge closer to Ligue 1 title

  • Xavi set to remain Barca coach until 2025

  • Heatwave alert extended for 72 hours

  • DGHS issues four-point guidelines to prevent heatstroke

Forex reserves hit record high over $34 billion


Forex reserves hit record high over $34 billion

The country’s foreign exchange reserves has touched a new record of US$34.23 billion amid coronavirus crisis.

The inflow of remittance and aid of the development partners added to raise the foreign exchange reserve to 34.23 billion on Wednesday (Jun 3), a senior official of the Bangladesh Bank told media today.

Earlier, the previous highest reserves amounting $33.68 billion were recorded on Sep 5 in 2017.

The official said remittance is the key driver to raise the reserve to the highest point.

In the 11 months of the current fiscal year, inbound remittance registered 8.72 percent growth to $16.36 billion, thanks to the 2 percent incentive scheme of the government.

Loading...