Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
Remittance fell 1.23 percent year-on-year to $1.99 billion in March although inflows usually go up on the occasion of Eid, Bangladesh Bank data showed
In February, migrants sent home $2.16 billion, up 39% year-on-year
Migrant workers sent home $2.1 billion in January
The return and reintegration of migrants is an integral part of the migration cycle
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
Migrant workers sent $1.99 billion in December
Bangladesh is lacking among four South Asian countries to attract deposits and investments from Bangladeshi migrants, according to a World Bank report
The remittance is growing at 7 percent, said the Migration and Development Brief of the Global Knowledge Partnership on Migration and Development (KNOMAD), which is part of the Washington-based lender.
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
Remittance fell 1.23 percent year-on-year to $1.99 billion in March although inflows usually go up on the occasion of Eid, Bangladesh Bank data showed
In February, migrants sent home $2.16 billion, up 39% year-on-year
Migrant workers sent home $2.1 billion in January
The return and reintegration of migrants is an integral part of the migration cycle
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
Migrant workers sent $1.99 billion in December
Bangladesh is lacking among four South Asian countries to attract deposits and investments from Bangladeshi migrants, according to a World Bank report
The remittance is growing at 7 percent, said the Migration and Development Brief of the Global Knowledge Partnership on Migration and Development (KNOMAD), which is part of the Washington-based lender.
Migrant workers sent home $1.98 billion in October, a four-month high, as banks stepped up efforts to woo more remittance buoyed by a relaxed central bank rule on incentive, a development that is expected to give some relief to a country reeling under the foreign exchange crisis.