Bangladesh’s forex reserve hits $44 billion

Amid record remittances last year, Bangladesh’s foreign exchange reserves hit a record high, touching $44 billion

Feb 25, 2021
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Amid record remittances last year, Bangladesh’s foreign exchange reserves hit a record high, touching $44 billion. In the first 23 days in January alone, the country received $1.49 billion in remittances, reported Dhaka Tribune. 

Data from Bangladesh Bank showed between July and January this fiscal year, the country received $14.9 billion in remittance. The country in 2020 received around a total of $44 billion from remittances. 

Bangladesh, along with Pakistan and Mexico, remained the only three countries registering positive growth in remittance. 

Another reason for high forex is dwindling imports. After the pandemic, the country also saw a significant dip in imports.

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