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Remittance inflow increases by 37.60pc in six months


Remittance inflow increases by 37.60pc in six months

Expatriate Bangladeshis sent $12,944.74 million remittances in the six months of the current fiscal 2020-21, which is around 37.60 percent higher than the amount of corresponding period of the preceding year, local media reported citing Bangladesh Bank data.

The country received $9407.93 million remittances during the July-December period in 2019-20 fiscal year.

“The flow of remittances into the country shows upward trend in the current fiscal 2020-21 as the government has taken measures, including two percent cash incentive, to streamline the legal channel for encouraging non-resident Bangladeshis (NRBs) to send money to the country,” central bank’s spokesperson M Serajul Islam told Media.

He said the recent flow of remittance indicates that it is gradually increasing and this trend is likely to continue in the upcoming months.

According to their data, the country received $2,598.21 million in July, $1,963.94 million in August, $2,151.05 million in September, $2,102.16 million in October, $2,078.74 million in November and $2050.64 million in December of the fiscal 2020-21.

But in 2019-20, the country got $1,597.69 million in July, $1,444.75 million in August, $1,472.16 million in September, $1,639.62 million in October and $1,555.23 million in November and $1691.68 million in December of the fiscal 2019-20.

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