The monthly inflow of remittance hit an all-time high in July ahead of Eid-ul-Adha, with the figure reaching almost $2Read more
Propelled by merchandise export and inward remittances, Bangladesh’s account balance recorded a surplus of nearly $1 billion in the first half of current 2012-13 fiscal year ending in June,
a central bank official said Tuesday.
Bangladesh’s foreign exchange reserves rose to a record $18.12 billion at the end of January from $18.07 billion a month earlier, the central bank said on Monday.
The higher reserves, which stem from a widening current-account surplus, are enough to cover six months of imports. At the end of January 2013, reserves totalled $13.1 billion.
Rising exports and a slowing of imports have helped build the reserves despite a drop in inward remittances as number of Bangladeshis going abroad to work in the Middle East has declined.
Bangladesh’s foreign exchange reserves have hit a record high $12.89 billion, the central bank said on Friday, because of strong remittances and steady export earnings despite the global slowdown.Read more
Propelled by impressive growths in merchandize export and inward remittances ahead one of the biggest Muslim religious festivals, Bangladesh’s foreign exchange
reserve hit a new high of 12 billion U.S. dollars, said the central bank Sunday.
Bangladesh Bank (BB) also attributed the robust rise in foreign currency reserves to the slump in import bills and more timely export encashment deals.
IN 1976, five years after independence, a book appeared called “Bangladesh: The Test Case of Development”. It was a test, the authors claimed, because the country was such
a disaster that if development could be made to work there, it could surely work anywhere.