Forex reserves crosses $37 billion for first time

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DHAKA, July 28, 2020 (BSS) – The country’s foreign exchange reserves
has touched a new record of US$37.10 billion amid coronavirus crisis.

The inflow of remittance has played a vital role to raise the foreign
exchange reserve to 37.10 billion on Monday, as per a release of
the Finance Ministry issued today.

Earlier, the previous highest reserves amounting $36.016 billion were
recorded on 30 June, 2020.

The release also said the inflow of remittance has shown an
incredible surprise at the beginning of the fiscal year 2020-21
(FY21).

Expatriate Bangladeshis sent around $2.242 billion remittances during
the first 27 days of July in the current fiscal 2020-21.

This is the highest amount of remittance in a single month in the
history of Bangladesh, the release added.