Record $15.30bn remittance in FY 2014-15

Bangladesh received record $15.3 billion in remittance from expatriates working abroad in the last fiscal year, an apex bank official said today.

Remittance for 2014-15 recorded a 7.5 percent rise from the previous year, Kazi Sayedur Rahman, general manager of Bangladesh Bank’s foreign exchange, told The Daily Star.

In the 2013-14 fiscal, Bangladesh received nearly $14.23 billion in remittance.

The World Bank said some $15 billion came as remittance in Bangladesh during the whole of 2014, what made the country eighth-largest remittance corridor.

With the recent reopening of the labour market in Saudi Arabia, experts say that the remittance inflow in Bangladesh will rise even more in the coming days.