Forex reserves top $30b

Boom in remittances ahead of Eid-ul-Fitr

Bangladesh's foreign exchange reserves have crossed $ 30 billion mark amid a boom in inflow of remittances ahead of one of the biggest festivals Eid-ul-Fitr.
According to Bangladesh Bank officials the country's foreign exchange reserves reached to $30 on Monday, reflecting the country's strength from the economical and financial point of view.
Officials reported an increase in the amount of remittances ahead of Eid-ul-Fitr, as millions of Bangladeshis living and working abroad scrimp and save during Ramadan to send more money home for relatives.
Like previous years Eid has also come as a big boon for Bangladesh as the country has been receiving huge remittances from millions of expatriates, said the BB official.
Bangladesh's foreign exchange reserves in April this year touched $29 billion mark for the first time.
Officials said Bangladesh's current reserves were enough to pay the country's import bills for eight to nine months.

Forex reserves top $30b

Boom in remittances ahead of Eid-ul-Fitr

Bangladeshs foreign exchange reserves have crossed $ 30 billion mark amid a boom in inflow of remittances ahead of one of the biggest festivals Eid-ul-Fitr. According to Bangladesh Bank officials the countrys foreign exchange reserves reached to $30 on Monday, reflecting the countrys strength from the economical and financial point of view. Officials reported an increase in the amount of remittances ahead of Eid-ul-Fitr, as millions of Bangladeshis living and working abroad scrimp and save during Ramadan to send more money home for relatives. Like previous years Eid has also come as a big boon for Bangladesh as the country has been receiving huge remittances from millions of expatriates, said the BB official. Bangladeshs foreign exchange reserves in April this year touched $29 billion mark for the first time. Officials said Bangladeshs current reserves were enough to pay the countrys import bills for eight to nine months.