Officials of commercial banks said the remittance inflows are not up to the mark considering the record number of manpower exports because the unofficial exchange rate is still high.
$2.04 billion came in the fourth month of the year
Remittance inflows soared 39 percent in February to $2.16 billion, the highest in eight months, as expatriate Bangladeshis took advantage of the higher dollar rate offered by some banks.
In February, migrants sent home $2.16 billion, up 39% year-on-year
Finance Minister Abul Hasan Mahmud Ali today told the parliament from July to July to January of the current financial year (2023-24), the country received some $12.9 billion ($12, 900.63 million) in remittances
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
The inflow of remittance to Bangladesh increased 21 percent year-on-year to $1.93 billion in November as most banks are offering higher rates for the US dollar to boost foreign currency collection.
Migrant workers sent home $1.93 billion in November this year, which was $1.59 billion in the same month last year.
Officials of commercial banks said the remittance inflows are not up to the mark considering the record number of manpower exports because the unofficial exchange rate is still high.
$2.04 billion came in the fourth month of the year
Remittance inflows soared 39 percent in February to $2.16 billion, the highest in eight months, as expatriate Bangladeshis took advantage of the higher dollar rate offered by some banks.
In February, migrants sent home $2.16 billion, up 39% year-on-year
Finance Minister Abul Hasan Mahmud Ali today told the parliament from July to July to January of the current financial year (2023-24), the country received some $12.9 billion ($12, 900.63 million) in remittances
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
The inflow of remittance to Bangladesh increased 21 percent year-on-year to $1.93 billion in November as most banks are offering higher rates for the US dollar to boost foreign currency collection.
Migrant workers sent home $1.93 billion in November this year, which was $1.59 billion in the same month last year.