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Inflow of remittance hit record high at $16.56b

Inflow of remittance hit record high at $16.56b

Expatriate Bangladeshis sent around US$16.56 billion remittance till Jun 3 of the current fiscal (2019-20) which is all time high of any fiscal.

“Bangladesh has achieved the highest remittance till June 3 of this fiscal. It is the highest record of any financial year. During this time, Bangladesh has achieved $16.56 billion, which is the result of the government’s two percent incentive programme. As of June 30, 2018-19, it was $16.42 billion. With one month left in this fiscal year, the sector has achieved this record of $16.56 billion,” as per a Finance Ministry press release issued today.

The country’s foreign exchange reserves also touched a new record of $34.23 billion on Jun 3 amid the coronavirus crisis.

Earlier, the previous highest reserves amounting $33.68 billion were recorded on Sep 5 in 2017.