Published: 29 Jun 2021, 08:01 pm
continue to send remittances despite the coronavirus pandemic. And that is why
Bangladesh's foreign exchange reserves have exceeded $46 billion.
At the end of the day on Tuesday (June 29), Bangladesh Bank's reserves stood at 46.82 billion dollars, more than at any time in the past.
Bangladesh Bank Deputy Governor Kazi Sayedur Rahman confirmed the matter.
He said that due to the increase in remittances and export earnings sent by expatriates, the foreign exchange reserves have crossed $46 billion today. These remittances sent by expatriates are contributing to the increase in foreign exchange reserves. As of the afternoon of June 29, the foreign exchange reserves had exceeded $46 billion.
With this reserve of four billion dollars per month, it is possible to meet the import cost of more than 11 months. According to international standards, a country has to have foreign exchange reserves equal to three months' worth of import costs.