Forex reserves cross record $37bn

The country’s foreign exchange reserves has touched a new record of US$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 (July 28).

Earlier, the previous highest reserves amounting $36.016 billion were recorded on 30 June, 2020.

The release 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.

(Source: BSS)