However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
Repayments will be made from the remittances sent home
Migrant Bangladeshis sent in $2.40 billion in September, 8.12% higher than August
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
Bankers today decided to pay a total of Tk 110.70 to migrant workers and non-resident Bangladeshis for a US dollar from this week in order to encourage them to send foreign currency through formal channels, according to a meeting.
Bangladesh Bank cleared $1.05 billion ACU payment on March 6
However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion
The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh
Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022
Bangladesh's per capita income stood at $2,793 in fiscal 2021-22 -- $31 lower than the initial estimate as the steep depreciation of the taka messed up the government’s numbers.
The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.