DHAKA: Bangladesh has ended the 2015-16 financial year with a massive surplus in its balance of payments (BOP). 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. This is the highest in the past six years. The 2009-10 fiscal had also ended with a $3.7 billion surplus.
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. He said despite a trade deficit and a primary income shortfall, a significant surplus in secondary income was helping to maintain a current account surplus.
