The nation's international change reserves immediately hit a brand new document of $44.02 billion because of the upward pattern of remittance and
The nation’s international change reserves immediately hit a brand new document of $44.02 billion because of the upward pattern of remittance and decrease import funds, Bangladesh Financial institution knowledge confirmed.
The reserves, one of many main macroeconomic indicators of an economic system, touched the $41 billion mark on October 28 and rose to $42 billion on December 15 and $43 billion in December 30 final yr.
Between July and January this fiscal yr, the nation obtained $14.9 billion in remittance, up 34.95 p.c a yr in the past, BB knowledge confirmed.
Remittance stood at $1.49 billion within the first 23 days of February in distinction to $1.24 billion in the identical interval a yr in the past.
Remittance has performed a significant position in boosting the international change reserves amid the continuing coronavirus pandemic, a Bangladesh Financial institution official mentioned, including that dwindling import has additionally helped widen the reserve.
Imports decreased 6.eight p.c year-on-year to $25.22 billion within the first half of this fiscal yr.