Foreign currency reserve, annual remittances hit record highs...

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Foreign currency reserve, annual remittances hit record highs

 Staff Correspondent daily-bangladesh.com

 Published: 09:49 PM, 5 June 2020  

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 US dollar, said a press release from the Finance Ministry on Friday.

This record of 34.23 billion US dollars has been achieved keeping one month left in this fiscal year.

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 per cent stimulus package, claimed the press release.

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

DailyBangladesh/SA