Bangladesh’s migrant workers sent home Tk 1,101.8 crore in remittances through mobile financial service (MFS) providers in August, marking the highest monthly receipts through digital channels in the past five years.
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.
Remittance inflow to Bangladesh fell 5.86 percent year-on-year to $1.97 billion in July, central bank data showed today.
Supported by remittance, the families of Bangladeshi migrant workers are playing a crucial role in developing the country’s rural economy by not only purchasing goods, but also investing in different small-scale income generating opportunities, according to experts.
From BNP rally to World, here's everything you need to know.
Nearly 8 lakh migrant workers went abroad in the first 10 months of the current fiscal year, comfortably exceeding the numbers a year ago, a development that bodes well for Bangladesh as it could pave the way for higher remittance earnings.
The remittance flow to Bangladesh is projected to decline by 22 percent due to the economic crisis induced by Covid-19 pandemic and shutdown, according to a World Bank report.
The remittance may reach USD18.19 billion with an increase of 17.05 per cent in the end of this year if its flow continues, according to a latest report.
The month of May saw a record amount of remittance flow for a single month as expatriate Bangladeshis sent $1.75 billion to ensure
Bangladesh’s migrant workers sent home Tk 1,101.8 crore in remittances through mobile financial service (MFS) providers in August, marking the highest monthly receipts through digital channels in the past five years.
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.
Remittance inflow to Bangladesh fell 5.86 percent year-on-year to $1.97 billion in July, central bank data showed today.
Supported by remittance, the families of Bangladeshi migrant workers are playing a crucial role in developing the country’s rural economy by not only purchasing goods, but also investing in different small-scale income generating opportunities, according to experts.
From BNP rally to World, here's everything you need to know.
Nearly 8 lakh migrant workers went abroad in the first 10 months of the current fiscal year, comfortably exceeding the numbers a year ago, a development that bodes well for Bangladesh as it could pave the way for higher remittance earnings.
The remittance flow to Bangladesh is projected to decline by 22 percent due to the economic crisis induced by Covid-19 pandemic and shutdown, according to a World Bank report.
The remittance may reach USD18.19 billion with an increase of 17.05 per cent in the end of this year if its flow continues, according to a latest report.
The month of May saw a record amount of remittance flow for a single month as expatriate Bangladeshis sent $1.75 billion to ensure