Bangladesh's current account logs surplus after a year
Source: Xinhua | 2025-02-17 | Editor:Ines
Bangladesh's current account balance recorded a surplus after nearly a year as per the latest data released by the Central Bank of Bangladesh.
According to the Bangladesh Bank (BB), the current account balance showed a surplus of 33 million U.S. dollars during the first half of 2024-25 fiscal year against a deficit of 3.47 billion dollars during the corresponding period of the previous fiscal year (July 2023-June 2024).
A BB official who preferred to be unnamed said the central bank's current account balance and overall balance of payments have moved to a positive trend as export earnings and inflow of remittances have improved.
Bangladeshis living and working abroad remitted home 13.78 billion dollars during the first half of the current fiscal year, the bank data showed.
On the other hand, it showed that the country exported 24.53 billion dollars worth of goods in the July-December period in the current fiscal.
The last time the Bangladesh current account balance had shown a surplus of 5.80 billion dollars was in the July-March period of the 2023-24 fiscal year against a deficit of 3.30 billion dollars during the July-March period of the 2022-23 fiscal year.
Bangladesh registered a current account deficit of 6.60 billion dollars in the 2023-24 fiscal year, meaning Bangladesh's economy absorbed more than what it produced in the last year.
You May Like
-
Bangladesh forms National Consensus Commission to carry out ...
The Bangladeshi interim government has announced the formation of its National Consensus Commission to bring major reforms to the state system.
InKunming 2025-02-14 -
Bangladesh establishes new unit to monitor law and order sit...
The Bangladeshi interim government has established a joint command center to monitor the country's law and order situation.
InKunming 2025-02-10 -
Amar Ekushey Book Fair held in Dhaka, Bangladesh
Bangladesh, Feb. 7, 2025. The month-long annual book fair kicked off in the capital Dhaka on Feb. 1
InKunming 2025-02-10 -
People celebrate Sakrain festival in Dhaka, Bangladesh
People in Dhaka celebrate Sakrain festival, also known as Ghuri Utsob or Kite festival, at the end of Poush, the ninth month of the Bengali calendar.
InKunming 2025-01-16 -
Flowers bloom in park in Dhaka, Bangladesh
Gardeners prune the flowers in a park in Dhaka, Bangladesh, Jan. 8, 2025. (Photo by Habibur Rahman/Xinhua) Gardeners prune the flowers in a park in Dhaka, Bangl...
InKunming 2025-01-10 -
Bangladesh's largest railway opens across entire line
With the first train decorated with colorful balloons and ribbons arriving at the Dhaka station, Bangladesh's largest railway, the Padma Bridge Rail Link Projec...
InKunming 2024-12-27 -
Bangladesh's largest railway officially opens across its ent...
Bangladesh's largest railway, the Padma Bridge Rail Link Project (PBRLP), is now officially open.
InKunming 2024-12-26 -
Bangladesh's biggest annual housing show kicks off in Dhaka
The biggest annual show of the apex body of Bangladesh's hundreds of major realtors kicked off here on Monday to showcase flats, plots and other real estate and...
InKunming 2024-12-24 -
Bangladesh receives World Bank financing to improve climate ...
The Bangladeshi government and the World Bank have signed two financing agreements totaling 900 million U.S. dollars to help the country achieve environment sus...
InKunming 2024-12-23 -
Bangladesh to form taskforce to develop semiconductor sector
The Bangladeshi interim government announced here on Wednesday that a taskforce would be formed to develop the semiconductor sector of the country.
InKunming 2024-12-19
