Foreign Reserves Hover Around $20 Billion for 11 Consecutive Months
Remittances and export earnings are the two main sources of Bangladesh’s foreign currency income. Both sectors have experienced significant growth in the current fiscal year. Remittances have grown by nearly 28%, while export income has increased by around 10%. However, this high growth in the two main sectors has not been enough to boost the country’s foreign exchange reserves. For the past 11 months, Bangladesh Bank’s reserves have remained stuck around the $20 billion mark.