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18 thousand crore remittance came in 24 days

Victory News by Victory News
February 25, 2024
in Business, Lead-2
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 the reserve decreased by 9 crore 89 lakh 70 thousand US dollars
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In the first 24 days of this month, expatriates working abroad have sent foreign currency or remittances equivalent to 165 million US dollars through legal channels and banking channels. In local currency, the amount is 18 thousand 107 crores (110 taka per dollar).

According to that, an average of 68.5 million dollars of expatriate income came to the country daily. In the previous month of January, remittances came to the country of 2100 million US dollars.

This information is known from the updated report of Bangladesh Bank on Sunday (February 25).

According to the data of the central bank, in the first 24 days of this month, 164 crore 61 lakh dollars came into the banking channel. Out of this, 17.5 million dollars came through state-owned banks, 6.3 million dollars through a specialized bank, 1.44 billion dollars through private banks and 3.5 million dollars through foreign banks.

Actual reserves are $20.20 billion

At the beginning of this month i.e. last February 1, the country’s foreign exchange reserves were 2 thousand 509 million dollars. On February 20, it rose to $2,532 million. However, according to the IMF’s accounting method BPM 6 in international rules, the actual reserve of the central bank on February 20 stood at 2,200 million dollars. Which was 1 thousand 994 million dollars at the beginning of the month.

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