Business

Remitters sent home $2.02 billion in March

The amount is a seven-month high
Bangladesh's economic growth

Remittance flow to Bangladesh rose to a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenback to their near and dear ones centring the upcoming Eid-ul-Fitr.

Expatriates sent home $2.02 billion last month, the highest since September last year when $1.53 billion flew into the country, data from the Bangladesh Bank showed.

March's receipts were nearly 29.3 per cent higher than February's $1.56 billion and 8.5 per cent from $1.85 billion recorded in March last year.

A central bank official said that remittances usually go up before Eid-ul-Fitr, which will be celebrated in the fourth week of this month.

He said that the country's foreign exchange reserves have been facing stress in recent times, so the latest inflow of remittances will certainly help both the central bank and the government manage the macroeconomic situation.

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Remitters sent home $2.02 billion in March

The amount is a seven-month high
Bangladesh's economic growth

Remittance flow to Bangladesh rose to a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenback to their near and dear ones centring the upcoming Eid-ul-Fitr.

Expatriates sent home $2.02 billion last month, the highest since September last year when $1.53 billion flew into the country, data from the Bangladesh Bank showed.

March's receipts were nearly 29.3 per cent higher than February's $1.56 billion and 8.5 per cent from $1.85 billion recorded in March last year.

A central bank official said that remittances usually go up before Eid-ul-Fitr, which will be celebrated in the fourth week of this month.

He said that the country's foreign exchange reserves have been facing stress in recent times, so the latest inflow of remittances will certainly help both the central bank and the government manage the macroeconomic situation.

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