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Expatriate Bangladeshis sent home $1.39 billion in July: Bangladesh Bank
Expatriate Bangladeshis have sent home about $1.39 billion last month, the third highest amount remitted in a month, the Bangladesh Bank says.
Published : 9 August 2015, 02:55 PM
Updated : 9 August 2015, 03:48 PM
The amount, however, is about $53 million less than June.
Bangladesh received $1.493 billion, its highest remittance in a month, in July last fiscal.
Kazi Sayedur Rahman, chief of the central bank’s Forex Reserve & Treasury Management Department, says the remittance inflow trend has been positive.
He said expatriates had sent home more money in June ahead of Eid-ul-Fitr in mid-July.
“But the inflow slowed down a little after Eid,” he added.
During the 2014-15 fiscal, expatriate Bangladeshis remitted a record $15.3 billion, the highest amount received in a year.
Bangladesh’s forex reserves stood at $25.7 billion on Sunday.
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