According to reports, remittances in Bangladesh reached $14.17 billion setting another benchmark in 2012 and offering the Bangladesh government a cushion against eroding foreign exchange reserves and exchange rate volatility. Inward remittances grew 16.43 percent in 2012 from the previous year, when it accelerated 10 percent from 2010. Meanwhile, foreign currency reserves reached $12.76 billion on January 2, 2013. 1

• 1. Byron, Rejaul Karim, “Remittance sets new benchmark”, The Daily Star, January 3, 2013 at http://www.thedailystar.net/newDesign/news-details.php?nid=263676