In a widely expected decision, the BOJ ditched a policy put in place since 2016 that applied a 0.1% charge on some excess reserves financial institutions parked with the central bank
The Bangladesh Bank’s foreign currency reserves reached the mark on Sunday despite falling exports.
The reserves hit a record high of $33.65 billion two months after crossing the $33 billion mark in 2017.
The outbreak will affect remittances as well if it spreads further in the Americas, Europe and the Middle East, he warned.
Bangladeshi migrant workers sent home around $12.5 billion in the first eight months of the current fiscal year, with about $1.5 billion of the figure in February.
The remittance inflow in the July-February period is 20 percent higher than the amount received by the country the same period last fiscal year.