Foreign exchange reserves increased to 35 billion

For the first time, the country's foreign exchange reserves have exceeded িয়ন 35 billion, despite an outbreak of the coronavirus. Earlier, on June 3, reserves exceeded বিল 34 billion.


Despite the slowdown in foreign trade due to the coronavirus, expatriate income has helped increase foreign exchange reserves.

Central bank officials said investments from developing partners have also started coming to the country.

Earlier, on September 5, 2011, the country's foreign exchange reserves were .. 33.6 billion.

An executive director of the central bank, who did not want to be named, said on Wednesday (June 23rd) that remittances were the main reason for the sharp rise in foreign exchange reserves. Recently, we have received special funds, loans from the World Bank, Asian Development Bank, JICA and the International Monetary Fund (IMF) for some projects.

From the first of July to the 22nd of June of the current financial year, remittances of 18.62 billion dollars have come. Which is eight percent more than the same period last year. 201-19-1. In the financial year, remittances came to 17 17.49 billion.

According to the central bank, remittances reached ৮ 1.36 billion between June 1 and 22 this year. The whole of June of the previous year came to 1.38 billion.

Remittances surpassed 16 billion in June this year, despite fears of a coronavirus.

Central bank officials said one of the reasons for the increase in remittances was that the government was providing a two per cent incentive to encourage remittances legally. As a result, remittances to hundi have stopped a lot.

In the budget for FY 2020-21, the government has maintained a 2% incentive to send remittances legally.

At present 1.2 crore Bangladeshis are working in 1.24 countries of the world.

Research Institute Policy Research Institute (PRI) Executive Director. Ahsan H. Mansoor said, "I do not see any income to increase remittances at the moment." Because it does not mean the income of expatriates. That means saving them. Because they may have to return to their country at any time. Many expatriates will lose their jobs as oil prices begin to fall in Middle Eastern countries. A large part of these expatriates will return to the country.