The country’s foreign exchange reserves exceeded the $39 billion-mark for the first time on Tuesday thanks to continued positive trend in remittance inflow.
In the first 27 days of August, the expatriate Bangladeshis sent $1.72 billion.
"Even though it is unbelievable, the upward trend of remittance inflow has continued amid the coronavirus pandemic," a press release issued by the central Bank said earlier.
The government’s initiative of issuing a 2% cash incentive against inward remittance had also played a vital role for the surge in remittance inflow.
The ministry expressed its gratitude to all migrants for remitting foreign currency to the country.
The reserves reached the $37 billion in August while $34 billion, $35 billion and $36 billion marks in June.
