Bangladesh's July-August current account surplus reaches over 3 bln USD
Source: Xinhua | 2020-10-01
Bangladesh's current account balance recorded a surplus of over 3 billion U.S. dollars in July-August period of the fiscal year 2020-21 (July 2020-June 2021).
According to the recently published central bank data, the current account balance showed a surplus of 3,296 million U.S. dollars during the first two months in 2020-21 fiscal year against a surplus of 204 million U.S. dollars during the corresponding period of the previous fiscal year (July 2019-June 2020).
The central bank's current account balance and overall balance of payments have maintained positive trend as export earnings have rebounded after months of recording a decline and inflow of remittances bolstered despite the economic impacts of COVID-19 in home and abroad.
According to Bangladesh Bank data, the flow of inward remittances surged 50 percent year on year to 4.56 billion U. S. dollars in July-August this year.
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