Published on 06:30 PM, March 03, 2024

Remittance hits eight-month high

In February, migrants sent home $2.16 billion, up 39% year-on-year

Migrant workers sent home $2.16 billion in February, posting a 39 percent year-on-year jump, according to Bangladesh Bank (BB) data.

February's figure was the highest in eight months since July last year.

The country recorded $2.19 billion of remittance inflow in June last year, BB data showed.

A record number of Bangladeshi migrants -- 13.05 lakh, went abroad for jobs in 2023, up from 11.35 lakh of the previous year.

This year's February had 29 days due to leap year, which was another reason for the rise in the remittance inflow.