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Bangladesh crossed $45B foreign currency reserves
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DHAKA, 26 June, 2021 (TON): Amidst the pandemic crisis, Bangladesh has crossed $45 billion on its foreign currency reserves with inward remittances continuing to boost.
On Thursday, the reserves at Bangladesh Bank were at an all-time high of $45.59 billion, a nearly 30 percent rise from the amount a year ago.
On 24 February, the reserves topped the $44 billion milestone.
In the 11 months of the outgoing fiscal year, the money sent by Bangladeshi workers abroad rose year-on-year by around 39.5 percent to $22.84 billion.
Exports increased in this period by 13.64 percent to $35.18 billion, which also helped boost the reserves.
It is likely that with the money it will be possible to pay import costs for 11 months
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