The Financial Express

Forex reserve crosses $37b-mark for first time

| Updated: July 31, 2020 09:48:04

Forex reserve crosses $37b-mark for first time

The country’s foreign exchange reserve has touched a new record of $37.10 billion amid coronavirus crisis.

The inflow of remittance has played a vital role to raise the foreign exchange reserve to 37.10 billion on Monday, as per a release of the finance ministry issued on Tuesday.

Earlier, the previous highest reserves amounting $36.016 billion were recorded on 30 June this year, reports BSS.

The statement also said the inflow of remittance has shown an incredible surprise at the beginning of the fiscal year 2020-21 (FY21).

Expatriate Bangladeshis sent around $2.242 billion remittances during the first 27 days of July in the current fiscal 2020-21.

This is the highest amount of remittance in a single month in the history of Bangladesh, the release added.

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