Bangladesh Foreign Reserves Hit Record $34.23bn

Bangladesh Bank’s foreign currency reserves hit $34.23 billion for the first time in history thanks to surging remittance despite the coronavirus pandemic.

Emergency funds of $732 million from the International Monetary Fund also drove the reserves, Finance Minister AHM Mustafa Kamal told on Wednesday.

The foreign exchange reserves reached a record $34.23 billion on Wednesday. Officials said it was equal to import bills of eight months.