The country’s foreign exchange reserves have crossed US$40 billion for the first time, thanks to a steady flow of inward remittances despite the coronavirus pandemic, reports BSS.

The inflow of remittance and aid of the development partners added to raise the foreign exchange reserve to over $40 billion, a senior official of the Bangladesh Bank said.

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The official said remittance is the key driver to raise the reserve to the highest point.

The foreign exchange reserves crossed US$20 billion in April 2014 and US$30 billion in June 2016.