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The current reserves of the country amount to 42,090 million. Finance Minister AHM Mustafa Kamal called it a unique record for the Bangladeshi economy. He said, it is a great victory day gift for compatriots. He thanked the expat workers for this. He said that remittance inflows have played an important role in significantly increasing the amount of reserves.
The finance minister said expats have sent regular remittances from the hostile environment in Corona. Remittances sent by expatriates during difficult times have strengthened foreign exchange reserves. Remittances from expatriates are doing a great deal to keep the economy going.
This was said in a press release from the Ministry of Finance on Tuesday.
The press release further said that despite the coronavirus outbreak around the world, remittances sent by expatriates amounted to US $ 1,034 million in 14 days in December alone. At this point in the last fiscal year, it was 69 million US dollars. In the five months to July-November, remittances totaled দশ 10.90 billion. From July 1 to December 15 of the 2020-21 fiscal year, around 12 billion dollars in remittances arrived in the country. Several measures, including a timely two percent cash incentive from the government, have a significant impact on the continuation of this upward trend in expatriate earnings. Furthermore, the largest foreign exchange reserves in the history of Bangladesh have risen to $ 42.09 billion.
In the last year, reserves have increased by more than a trillion dollars. On December 15 of last year, reserves were $ 32.11 billion. On October 29, it surpassed £ 41 billion for the first time. And in just a month and a half, it stands at a record 42.09 billion.
In this regard, the Finance Minister further said, in the history of Bangladesh, the foreign exchange reserves of US $ 42.09 billion are very good news for us. This is a rare event in the history of the country. This event on the eve of Victory Day is definitely a gift to the nation.
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