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5.4
Bangladesh-Malaysia labor agreement to bolster remittance inflows and forex reserves
Nikkei Asia·BD · MY·about 21 hours ago
Bangladesh's foreign exchange reserves have reached 2022 levels, supported by a broader stabilization of external finances. The reopening of the Malaysian labor market to Bangladeshi workers is expected to further bolster remittance inflows, easing long-standing pressure on the country's balance of payments.
Bangladesh's foreign exchange reserves have recovered to 2022 levels, supported by broader external finance stabilization. The confirmed reopening of the Malaysian labor market to Bangladeshi workers is expected to further bolster remittance inflows, easing balance-of-payments pressure. The effectiveness of this policy hinges on the speed of visa processing and the volume of labor absorption.