The price dropped as low as about $40 last year. Finance Minister AMA Muhith thinks the rise in global oil price has helped increase the remittance. “Recently, the remittance from the Middle-East countries dropped due to the drop in oil price and changes to the policies regarding foreign workers in these countries. A rise in oil price has bolstered the economies of the Middle-East countries. The rise in remittance has also helped Bangladesh’s foreign currency reserves to grow to $33.36 billion.

Source: bd News24 March 01, 2018 18:00 UTC