In 14 days, the remittance came to 164 million dollars

In the first 14 days of this month, remittances have reached 164 crore 67 million US dollars. During this time, an average of 11 million 76 million dollars came into the country every day.

This information came out in the updated report of Bangladesh Bank on Wednesday (June 19).

According to the report, 164 crore 67 lakh 40 thousand US dollars have arrived in the country in the first 14 days of this June. At the same time of the previous months, remittances to the country were 111 crore 86 lakh, 94 crore 36 lakh, 95 crore 6 lakh, 100 crore 66 lakh and 100 crore 52 lakh US dollars respectively.

Those concerned say that the remittance flow increases before the Eid al-Adha. In the first 12 days of this month of June, remittances in banking channels reached 146 million dollars. More will come till Eid. And in the last May, 225 million dollars came, which is the highest in the last 46 months. Migrant workers in the country usually send more money ahead of religious festivals.

Meanwhile, in the 11 months up to July-May of the current fiscal year, remittances to the country reached 2,137,25,70,000 US dollars. With a month to go, remittances are almost equal to the previous financial year. And up to last May, 196 million dollars have increased, which is more than 10 percent. Last April, expatriates sent $204 million through banking channels. 1.69 billion dollars came in the same month of the previous year. Generally remittance increases every year before Eid.

According to the data of Bangladesh Bank, during the same period i.e. between July-May of the fiscal year 2022-23, remittances came to the country 1 thousand 941 crore 16 lakh 50 thousand US dollars.

Earlier, in July-May of 2021-22 financial year, remittances came to the country of 1 thousand 919 crores 44 lakh 1 thousand US dollars. About three hundred crore rupees have come in the previous year. In the same period of the fiscal year 2020-21, remittances to the country reached 2,283,690,000 US dollars. In July-May of the financial year 2019-20, remittances came to the country 1 thousand 637 crore 23 lakh 80 thousand US dollars.

225 million dollars came into the country in May, which is 32.35 percent more than the same period last year. In the same period last year, remittances came in at $1.7 billion. Last April, March, February and January remittances to the country were respectively 204 crore 30 lakh 60 thousand, 199 crore 68 lakh 50 thousand, 216 crore 60 lakh and 210 crore 9 lakh 50 thousand dollars.

Spokesperson of Bangladesh Bank. Majbaul Haque said that as a result of various initiatives taken by Bangladesh Bank, the expatriate income has increased by 32.35 percent compared to the same month of the previous year. Compared to the previous month of April, remittances increased by 10.29 percent in May.