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Published on October 12, 2014
On July 7, the foreign exchange reserves hit a record high of $ 22 billion, fuelled by positive trend of export earnings and increased flow of remittance.
According to the central bank, remittance inflow during the first three months of the current fiscal year, begging on July 1, registered 22 percent increase over the same period.
The rise shows a resounding effect on the real economy driven by the government’s policy efforts to increase the economic growth.
In July, Bangladeshis living abroad sent home $1.48 billion, the highest for any month.
On the other hand, exports in the 2013-14 fiscal year fetched Tk $30.18 billion, 12 percent higher than the previous FY’s figure.
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