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Forex reserve stands at $45.10b

03 May 2021 20:28:18 | Update: 03 May 2021 21:13:53
Forex reserve stands at $45.10b
One hundred US dollar notes are seen in this picture illustration taken in Seoul February 7, 2011 - Reuters photo

Ibrahim Hossain Ovi

Foreign exchange reserve stood at $45.10 billion, the highest ever, as of Monday riding on the strong remittance inflow.

According to Bangladesh Bank data, Bangladesh's foreign exchange reserve hit a record of $45.10 billion.

Growing remittance inflow has played a vital role to push the foreign exchange reserves even amid the Covid-19 pandemic.

Inflow of remittance rose by 89.11 per cent in the month of April as expatriate Bangladeshis sent more money to their families here ahead of Eid-ul-Fitr.

According to data provided by the central bank, expatriates sent $2067 million in April, up by 89.11 per cent compared to $1093 million in the same period last year.