The foreign loans and financial assistance from different multilateral donor agencies like World Bank, ADB and JICA also helped grow the reserve position to a significant level.

Earlier, the highest record in the country’s foreign exchange reserves with Bangladesh Bank was $34.23 billion on 3 June.

BB officials said the remittance inflow got a momentum following the announcement of 2 per cent incentives by the government in June last year in the national budget.

The government offered the 2 per cent incentive to encourage the expatriates to send remittance through official channels.

As a result, the average monthly remittance income increased to 1.6 billion from 1.2 billion. After their start of the coronavirus outbreak, the remittance inflow was slowed down in March and April.

But it again showed an increase in May, said a BB official.

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