Migrant workers must be protected from abuse and corruption
However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
After hovering around the $21-billion mark for the previous two fiscal years, total remittances sent home by Bangladesh’s migrant workers reached nearly $24 billion in the just concluded fiscal year of 2023-24, providing some breathing space amid the forex crunch.
$2.25 billion remittance came in May this year, up from last year same month's $1.7 billion
Officials of commercial banks said the remittance inflows are not up to the mark considering the record number of manpower exports because the unofficial exchange rate is still high.
$2.04 billion came in the fourth month of the year
Remittance inflows soared 39 percent in February to $2.16 billion, the highest in eight months, as expatriate Bangladeshis took advantage of the higher dollar rate offered by some banks.
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
The inflow of remittance to Bangladesh increased 21 percent year-on-year to $1.93 billion in November as most banks are offering higher rates for the US dollar to boost foreign currency collection.
Migrant workers sent home $1.93 billion in November this year, which was $1.59 billion in the same month last year.
