Staff Reporter :
The country’s foreign exchange reserves hit a new record of $44.02 billion on Wednesday thanks to the upward trend of remittance and lower import payments, Bangladesh Bank data showed.
The reserves, one of the major macroeconomic indicators of an economy, touched the $41 billion mark on October 28 and rose to $42 billion on December 15 and $43 billion in December 30 last year.
Between July and January this fiscal year, the country received $14.9 billion in remittance, up 34.95 percent a year ago, BB data showed.
Remittance stood at $1.49 billion in the first 23 days of February in contrast to $1.24 billion in the same period a year ago.
Remittance has played a vital role in boosting the foreign exchange reserves amid the ongoing coronavirus pandemic, a Bangladesh Bank official said, adding that dwindling import has also helped widen the reserve.
Imports decreased 6.8 percent year-on-year to $25.22 billion in the first half of this fiscal year.
