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The Financial Express

Rise in foreign exchange reserve

| Updated: October 23, 2017 16:10:09


Rise in foreign exchange reserve

THE foreign exchange reserve of Bangladesh has touched US$33 billion mark for the first time and it is a great news for the economy. The expatriate Bangladeshis are sending more money home on the occasion of Eid and so the foreign reserve has taken an upward turn.  Bangladesh received remittances of US$1270 millions last month from the Bangladeshis working abroad and this month it is expected that it will cross $1,500 million mark. 
We need to attract investment if we really want the wheels of our economy to move faster. We have to attract more local and foreign investments in our country, bring political stability, accountability, transparency, and establish the rule of law. It is good to see Bangladesh gaining in strength and I am sure soon we will be able to see budget without any deficit and dependence on foreign loans. 
Mohammed Fahim
Moghbazar, Dhaka
 

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