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‘Foreign exchange reserves exceed £ 42 billion is a gift to the nation on Victory Day. This is great good news in the history of Bangladesh, a rare event in the history of the country.
Finance Minister AHM Mustafa Kamal said this in a press release on Wednesday (December 16).
Despite the coronavirus outbreak around the world, expatriates sent £ 1.034 billion in remittances on Dec. 14 alone, according to the statement. At this point in the last fiscal year, it was 69 million US dollars. In the five months to July-November, remittances totaled র 10.90 billion. From July 1 to December 15 of the 2020-21 fiscal year, about $ 12 billion in remittances arrived in the country.
The statement further said that expatriates have sent regular remittances even during the Corona epidemic. 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.
The Finance Minister mentioned that various measures, including a timely 2 percent cash incentive from the government, have important implications for the continuation of this upward trend in expatriate income.
In the last year, reserves have increased by more than $ 1 trillion, according to the statement. On December 15 of last year, reserves were $ 32.11 billion. On October 29, it surpassed £ 41 billion for the first time and stood at a record high of £ 42.09 billion in just a month and a half. The inflow of remittances has played an important role in the significant increase in reserves.
The Finance Minister further said that in the history of Bangladesh, foreign exchange reserves of US $ 42.09 billion are great news. 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. Unexpected impact In the Kovid-19 crisis, our remittance fighters have kept our economy afloat by sending money with difficulty. As of December 15, expatriate income has reached more than $ 1 billion.
Finance Minister AHM Mustafa Kamal has expressed his gratitude and appreciation to all expatriates for their tireless efforts in this unprecedented government achievement under the strong leadership of Prime Minister Sheikh Hasina. Also, the Finance Minister wished the people a happy Victory Day.
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