• Thursday, Sep 23, 2021
  • Last Update : 12:02 am

Forex reserve hits record high over $44b

  • Published at 10:19 pm February 24th, 2021
Web-US-Dollar-Remittance
Representational photo: Bigstock

Remittance stood at $1.49 billion in the first 23 days of February

The country’s foreign exchange reserves touched a new record of over US$44.02 billion thanks to the upward trend of remittance on Wednesday. 

The reserves touched the $41 billion mark on October 28 and rose to $42 billion on December 15 and $43 billion on December 30 in the year 2020.

Between July and January this fiscal year, the country received $14.9 billion in remittance, up to 34.95 percent a year ago, BB data showed.

Remittance stood at $1.49 billion in the first 23 days of February in contrast to $1.24 billion in the same period a year ago.

Remittance has played a vital role in boosting the foreign exchange reserves amid the ongoing coronavirus pandemic, a Bangladesh Bank official said, adding that dwindling import has also helped widen the reserve.

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