Expatriate Bangladeshis have remitted $16.36 billion in 11 months of the outgoing fiscal year, almost equalling the remittances in the whole of FY 2018-19.
Published : 02 Jun 2020, 05:30 AM
In May, when Muslims celebrated Eid-ul-Fitr, the expatriates sent more than $1.5 billion, marking a 8.72 percent growth in July-May period, according to data published by the Bangladesh Bank.
Speaking to bdnews24.com on Monday, Finance Minister AHM Mustafa Kamal thanked the expatriates for their contribution to the economy ravaged by the pandemic.
The incentives led to a spike in remittance but inflow began to drop in March as hundreds of expatriates returned home due to the coronavirus pandemic, which has also left a vast number of the world population jobless.