Inflow of remittance hit record high at $16.56 b: Finance
Inflow of remittance hit record high at $16.56 b: Finance Ministry
Rtv online desk
| 06 Jun 2020, 00:00 | Update : 06 Jun 2020, 09:16
Expatriate Bangladeshis sent around US$16.56 billion remittance till June 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 program. 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,” according to a Finance Ministry press release issued Friday.
The country’s foreign exchange reserves also touched a new record of $34.23 billion on June 3 amid the coronavirus crisis.
Earlier, the previous highest reserves amounting $33.68 billion were recorded on September 5 in 2017.