Bangladesh sets record in remittances even during the Corona pandemic

Despite the coronavirus, the record of the new year has been completed in the fiscal year 2020-21.

The amount of remittances in Bangladesh Bank has not been made in the country before in any financial year. This is the amount of Bangladesh Bank's reserves (up to 29 January) at 46.082 billion or more than 4,608 million dollars.

This information was revealed from the report published by Bangladesh Bank on Monday (July 5).

According to the report of Bangladesh Bank, in the last month of the financial year 2020-2020, the expatriates sent 194 million US dollars in remittances, which is the highest in the entire financial year.

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in the land of Banks sector stakeholders see the coming of a large amount of remittances as positive, they say, because of the government's cash incentives, the remittance flow has been carried out in the legitimate channels, while expatriates are sending money for the family ahead of the upcoming Eid-ul-Azha.

Meanwhile, despite the remittances sent by expatriates, the reserves of foreign currency in Bangladesh have crossed the milestone of 46 billion dollars. At the end of last Tuesday, Bangladesh Bank's reserves are 46.000 billion dollars, which is more than the past four bills per month.