The amount of remittance received by Bangladesh crossed the $1 billion mark in the first 18 days of January. It was at $1.7 billion on Jan 18, giving a boost to the central bank’s foreign currency reserves as well, according to latest figures released by the Bangladesh Bank. In November and December last year, the country received $1.18 billion and over $1.2 billion, respectively, in remittance. Policy Research Institute Executive Director Ahsan H Mansur suggested keeping dollar rate constant against taka at 85 to boost remittance inflows and exports. In the last six months, the dollar’s value appreciated more than 7 percent against Indian currency and 18 percent against taka, according to Mansur.

Source: bd News24 January 20, 2019 21:33 UTC