Remittance hits 41-month low

Remittance earnings of Bangladesh continued to plunge for the third consecutive month with a 13 percent year-on-year drop in September.

Last month, migrant workers sent home $1.34 billion, down 12.7 percent year-on-year and a 41-month low since April of 2020, when $1.09 billion came in, according to data from the Bangladesh Bank.

The remittance earnings were $1.97 billion and $1.59 billion in last July and August respectively, the BB data showed.

In last June, the amount of remittance earnings hit $2.1 billion.