Remittance inflow posted a 65% year-on-year jump
The inflow was 82.46 percent higher than the same period last year, according to industry insiders.
Remittance inflows surged by around 78 percent year-on-year in the first 19 days of March as migrant workers sent more money home to relatives ahead of Eid-ul-Fitr, the largest religious occasion in the country.
Remittance inflow also broke single-month record in December
However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
Imports, remittances and forex reserves are likely to increase, the leading chamber says
Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago
The move was taken to boost remittance inflow
It hit $2.54 in June this year, up from $2.19 billion in the same month last year
Bangladesh's gross domestic product (GDP) growth will decrease to 5.7 percent in 2024-25 from 5.8 percent in the current fiscal year while inflation will ease to 8 percent, according to the Mastercard Economic Institute (MEI).
Of the $21.61 billion remittance Bangladesh received in FY23, only $44.99 million came from Saarc countries
$2.25 billion remittance came in May this year, up from last year same month's $1.7 billion
He spoke at the third AKN Ahmed Memorial Lecture on Central Banking
In February, migrants sent home $2.16 billion, up 39% year-on-year
Finance Minister Abul Hasan Mahmud Ali today told the parliament from July to July to January of the current financial year (2023-24), the country received some $12.9 billion ($12, 900.63 million) in remittances
