The foreign exchange reserve has swelled to a new record of $15.688 billion on the back of the rising trend of remittance inflows.
According to Bangladesh Bank, the forex reserve stood at $15688.36 million on August 5.
The government is now in a position to pay import bills for over seven months with the reserve. The forex reserve was at $10.364 billion on June 30 and it increased to $15.534 billion on July 31.
Inflow of remittance witnessed a rise ahead of Eid-ul-Fitr as the migrant workers sent $1,230.46 million home in July, up by $172.22 million from the last month’s $1,058.24 million.
-With BSS/New Age input
