Current account balance maintains surplus

The country’s current account balance recorded a surplus of nearly $1.5 billion in July-November period of the fiscal year 2013-14 ending June, a central bank official said Thursday.

The Bangladesh Bank official said the current account balance showed a surplus of $1,384 million during the first five months in 2013-14 fiscal year against a surplus of $433 million during the corresponding period of the previous fiscal year (July 2012-June 2013), reported Xinhua.

foreign aid

He said the central bank’s current account balance and overall balance of payments have maintained positive trend as growth in export earnings and inflow of remittances bolstered.

Bangladeshis living and working abroad remitted home more than $5.56 billion during the first five months of the fiscal year 2013-14, the bank data showed.

On the other hand, it showed that the country exported $11.815 billion worth of goods in the July-November period in 2013-14.