Feb remittance rises 14.58pc

Remittances rose 14.58 percent to $1.13 billion in February from the same time a year ago, Bangladesh Bank said yesterday.
A rise in manpower exports and the number of exchange houses of banks abroad, and scope to easily open foreign currency accounts boosted the remittance inflow.
Remittances rose 12.15 percent in the first eight months of this fiscal year over the same period last year, data shows.
But the remittance inflow was lower in February than in January, when the country received $1.22 billion.
The political turmoil in the Middle East and North Africa last fiscal year slowed remittance growth, Finance Minister AMA Muhith said in parliament yesterday. The current fiscal year bucked the trend, he added.