The 2009-10 fiscal had also ended with a $3.7 billion surplus. In FY 2014-15, over $3.46 billion worth LCs were opened to import oil. According to Bangladesh Bank data released on Thursday, the BOP surplus grew to $3.7 billion at the end of June, the last month of FY 2015-16. Finance Minister Abul Maal Abdul Muhith thinks the latest $3.7 billion surplus was a result of a drop in international oil prices and cuts in food imports. # During the last fiscal, over $1.08 billion worth of LCs were opened to import food products, which was 37.40 percent less than in the previous year.

Source: bd News24 August 12, 2016 08:03 UTC