Bangladeshi migrants sent home $2.75 billion in the month
Migrants sent home $2.6 billion in the first 29 days of April
SM Faruqi Hasan, founding president of the Ontario unit of the Awami League, is involved in the case
Remittances have become a much-anticipated relief for the economy reeling under macroeconomic stress, growing steadily since August last year and providing the interim government with a breather amid a rapid erosion of foreign exchange reserves.
Migrants sent home $2.52 billion in February
Migrants sent home $2.18 billion in the first month of 2025
However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
Migrant Bangladeshis sent home $2.39 billion in October
Many are sympathetic towards migrant workers for justifiable reasons.
Prime Minister Sheikh Hasina today (July 31, 2022) said Bangladesh will not depend on remittance alone and will diversify products to expand the export basket for which new international markets have to be explored.
Bangladesh received US$ 1.64 billion inward remittance till July 21, due to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festival of Muslims, according to data from Bangladesh Bank.
Remittance inflow fell in 11 months of the current fiscal year mainly because a large number of migrants switched to informal channels like hundi from formal ones for sending money, say experts.
Bangladesh should ensure accreditation for local products to increase export earnings, reduce cost and time and implement the Sustainable Development Goals, speakers at a seminar said today.
Bangladesh Bank yesterday relaxed the rules related to a 2.5 per cent cash bonus offered as an incentive to remitters if they send money home through official channels.
Finance Minister AHM Mustafa Kamal today said there is nothing to worry about Bangladesh's foreign debt as the annual repayment amount is equivalent to only two months' remittance income of the country.
Bangladesh has retained its position as the recipient of the seventh highest amount of money transferred by migrant workers among 10 top recipient nations in 2021.
The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.
Annual per capita remittance from the male migrants has fallen by 11 percent in 2017 compared to that in 2014, says a new study.
The surge of remittance continues for three straight months into March after a two-year slump for what is being described as depreciation of the Taka against Dollar.
