Published:  12:38 AM, 08 December 2017

Remittance inflow increases by 10.76pc in five months


Expatriate Bangladeshis sent US$5,768.54 million remittances during the first five months of the current fiscal 2017-18, which is 10.76 percent higher than the same period of the preceding year.According to Bangladesh Bank (BB), the country received $5,208.12 million remittances during July to November of 2016-17 financial year.

"The flow of remittances into the country rebound in the current fiscal 2017-18 as BB has taken some measures to streamline the legal channel for encouraging Non Resident Bangladeshis (NRBs) to send home money," BB Deputy Governor Abu Hena Mohammad Razee Hassan told BSS here yesterday.

He said the recent flow of remittance indicates that it is gradually increasing and this trend is likely to continue in the upcoming months. According to the BB data, the country received $1,214.75 million in November, $1162.77 million in October, $856.87 million in September, $1,418.58 million and $1,115.57 million in July, 2017. But in 2016-17, the country received $951.37 million in November, $1,010.99 million in October, $1,056.64 million in September, $1,183.61 million in August and $1,005.51 million in July.

-BSS

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