Remittances, forex reserves hit record highs

News Desk
3 August 2020, Mon
Published: 08:33

Remittances, forex reserves hit record highs

The foreign currency reserve and inflow of remittances hit the new record in the country in July despite the economic fallout triggered by the COVID-19 pandemic.

The expatriates have sent $2.6 billion which is an all-time high monthly amount in the country’s remittance history, according to a press release of the Finance Ministry.

In June, the country received $1.83 billion in remittance.
At the same time, foreign exchange reserve in the country stood at record $37.287 billion till July 31.

The foreign currency reserves were $36.016 billion on June 30 this year while it was $32.716 billion in June of the previous year, according to BSS reports

breakingnews/fas