Bangladesh foreign reserves hit record $34.23bn amid pandemic

Sun Online Desk

4th June, 2020 01:45:16 printer

Bangladesh foreign reserves hit record $34.23bn amid pandemic

Bangladesh Bank’s foreign currency reserves hit $34.23 billion for the first time in history thanks to surging remittance despite the coronavirus pandemic.

Emergency funds of $732 million from the International Monetary Fund also drove the reserves, Finance Minister AHM Mustafa Kamal told on Wednesday.

The foreign exchange reserves reached record $34.23 billion on Wednesday. Officials said it was equal to import bills of eight months.


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