Business

Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October

Remittances sent home by Bangladeshis living abroad rose 21.31 percent year-on-year to $2.39 billion in October.

However, October's inflow is 0.41 percent lower than September's.

During the July to October period of this fiscal year, remittance earning stood at $8.93 billion, up from $6.87 billion at the same period of last fiscal year, central bank data showed.

Industry insiders said the upward trend of remittance inflow will create a breathing space and reduce pressure on foreign exchange reserves.

Since April of this year, Bangladeshi expatriates sent remittances above $2 billion in every month except July.

Remittance inflow slumped in July as expatriates were unable to send funds in the middle of the month as the Sheikh Hasina-led government imposed an internet blackout to quell protests centring demands for quota reform in government jobs.

Comments

Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October

Remittances sent home by Bangladeshis living abroad rose 21.31 percent year-on-year to $2.39 billion in October.

However, October's inflow is 0.41 percent lower than September's.

During the July to October period of this fiscal year, remittance earning stood at $8.93 billion, up from $6.87 billion at the same period of last fiscal year, central bank data showed.

Industry insiders said the upward trend of remittance inflow will create a breathing space and reduce pressure on foreign exchange reserves.

Since April of this year, Bangladeshi expatriates sent remittances above $2 billion in every month except July.

Remittance inflow slumped in July as expatriates were unable to send funds in the middle of the month as the Sheikh Hasina-led government imposed an internet blackout to quell protests centring demands for quota reform in government jobs.

Comments

ইসরায়েলের প্রধানমন্ত্রী বেনিয়ামিন নেতানিয়াহু। ছবি: এএফপি

বিমানবন্দরে হামলা: হুতি ও ইরানের বিরুদ্ধে প্রতিশোধের অঙ্গীকার নেতানিয়াহুর

সামাজিক মাধ্যম টেলিগ্রামে প্রকাশিত ভিডিওতে নেতানিয়াহু বলেন, অতীতেও ইরানের সমর্থনপুষ্ট (হুতি) বিদ্রোহীদের বিরুদ্ধে ‘ব্যবস্থা নিয়েছে’ ইসরায়েল এবং ‘ভবিষ্যতেও উপযুক্ত ব্যবস্থা নেবে’।

৭ ঘণ্টা আগে