DHAKA, Nov. 4 (Xinhua) -- Bangladesh's current account balance recorded a surplus of over 300 million U.S. dollars in July-August period of the fiscal year 2019-20 ending next June, a central bank official said Monday.
The Bangladesh Bank official said the current account balance showed a surplus of 313 million U.S. dollars during the first two months in 2019-20 fiscal year against a deficit of 7 million U.S. dollars during the corresponding period of the previous fiscal year (July 2018-June 2019).
The BB official who preferred to be unnamed said the central bank's current account balance and overall balance of payments have maintained positive trend as export earnings and inflow of remittances bolstered.
Bangladeshis living and working abroad remitted home 3.042 billion U.S. dollars during the first two months of the fiscal year 2019-20, the bank data showed.
On the other hand, it showed that the country exported about 7 billion U.S. dollars worth of goods in the July-August period in the current fiscal.
Bangladesh in July recorded a current account surplus of 240 million U.S. dollars after a deficit of over five billion U.S. dollars at the end of the last 2018-19 fiscal year (July 2018-June 2019).
Bangladesh current account balance for the last time showed the surplus of 3,706 million U.S. dollars at the end of 2015-16 fiscal year (July 2015-June 2016) against the surplus of 2,875 million U.S. dollars in the previous fiscal year (July 2014-June 2015).
