In 28 days, two billion dollars of remittance went out

In the expatriate income or remittances, there is a continuation of the last month of August in this month of September as well. Remittances have crossed two billion dollars ($211 million) in four weeks of this month, which is more than Tk 25,357 crore in Bangladeshi currency (at Tk 120 per dollar).

According to the report of Bangladesh Bank, in the first 28 days of this month (September), expatriate Bangladeshis have sent remittances worth 211 crore 31 lakh 10 thousand dollars. And an average of 7 crore 55 lakh dollars or 906 crore taka is coming every day. Although no remittance came through the seven banks during the discussed period.

During the discussed period, 586.5 million dollars through state-owned banks, 92.26 million dollars through a specialized bank, 142.86 billion 70 thousand dollars through private banks and more than 5.3 million dollars through foreign banks.

No remittance has come during the discussed period, the number of such banks is seven. These include the state-owned Bangladesh Development Bank or BDBL, the specialized Rajshahi Agricultural Development Bank or RAKAB. Private banks include Community Bank, ICB Bank, Habib Bank, National Bank of Pakistan and State Bank of India.

According to central bank data, remittances came in at $222 crore (2.22 billion) in August, which is $620 million more than the same period of the previous year (August-2023). Remittances of about 1.6 billion dollars came in August last year.