Remittance inflow falls 5.86% in July

Remittance inflow to Bangladesh fell 5.86 percent year-on-year to $1.97 billion in July, central bank data showed today.

It was $2.09 billion in the same month last year.

Funds transferred by migrant workers in the first month of the new fiscal year declined 10.27 percent from June's $2.19 billion.

Bangladesh Bank assistant spokesperson Md Sarwar Hossain described July's receipts as better.

"Expatriates Bangladeshis sent a higher volume of remittance in June thanks to the Eid festival."