The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
Expat Bangladeshis remit over $1bn in 26 days
Expatriate Bangladeshis have remitted $1.08 billion so far this month, pushing up the foreign currency reserves to nearly $22 billion.
Published : 29 Sept 2014, 07:49 PM
Updated : 29 Sept 2014, 07:49 PM
Bangladesh Bank officials say the expatriates are sending more money home for their families ahead of the Eid-ul-Azha due on Oct 6.
Forex Reserve and Treasury Management Division's General Manager Kazi Saidur Rahman hopes the remittance in September will exceed $1.3 billion.
Expatriates remitted over $1.49 billion in July before the Eid-ul-Fitr this year, highest for a single month.
The forex reserves stood at $21.77 billion at the end of Monday, enough to foot import bills for seven months, Rahman said.
He hopes the reserves will soon shoot past $22 billion.
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