On Monday Bangladesh’s foreign exchange hit the record of $45.10 billion reserves in the worldwide pandemic situation. Bangladesh Bank Deputy Governor Kazi Sayedur Rahman ackowledged that The reserves hit this massive amount for the first time on the day. Bangladeshi expatriates sent a record $154 million in remittance in May 1 and 2 alone.
Expatriates of Bangladesh sent $2.06 billion in remittance in April which is up 89.17% year-on-year from last April. compared to the same period of the last fiscal year, Remittance inflow increased 39% to $20 billion in July-April period of the current fiscal year.
“Remittance inflow is increasing due to the upcoming Eid-ul-Fitr,” Bangladesh Bank spokesperson and Executive Director Serajul Islam told. Every year this same thing happens. Bangladeshi expatriates have sent more remittance than before to their relatives for the Covid-19 pandemic situation, he added.
The reserves were $32.39 billion By the end of March last year which was the time when Covid-19 first hit the country. By October, it reached $40 billion. The previous highest reserves were recorded on September 5, 2017, when the amount was $33.68 billion.
