Business

Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October

Remittances sent home by Bangladeshis living abroad rose 21.31 percent year-on-year to $2.39 billion in October.

However, October's inflow is 0.41 percent lower than September's.

During the July to October period of this fiscal year, remittance earning stood at $8.93 billion, up from $6.87 billion at the same period of last fiscal year, central bank data showed.

Industry insiders said the upward trend of remittance inflow will create a breathing space and reduce pressure on foreign exchange reserves.

Since April of this year, Bangladeshi expatriates sent remittances above $2 billion in every month except July.

Remittance inflow slumped in July as expatriates were unable to send funds in the middle of the month as the Sheikh Hasina-led government imposed an internet blackout to quell protests centring demands for quota reform in government jobs.

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Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October

Remittances sent home by Bangladeshis living abroad rose 21.31 percent year-on-year to $2.39 billion in October.

However, October's inflow is 0.41 percent lower than September's.

During the July to October period of this fiscal year, remittance earning stood at $8.93 billion, up from $6.87 billion at the same period of last fiscal year, central bank data showed.

Industry insiders said the upward trend of remittance inflow will create a breathing space and reduce pressure on foreign exchange reserves.

Since April of this year, Bangladeshi expatriates sent remittances above $2 billion in every month except July.

Remittance inflow slumped in July as expatriates were unable to send funds in the middle of the month as the Sheikh Hasina-led government imposed an internet blackout to quell protests centring demands for quota reform in government jobs.

Comments

সরকারের কার্যক্রম নিয়ে জনমনে স্বচ্ছ ধারণা থাকলে বিভ্রান্তির সুযোগ থাকে না: তারেক রহমান

‘যারা সংবিধান বারবার লঙ্ঘন করেছেন, দেশে অবৈধ সংসদ এবং সরকার গঠন করেছে, যারা সংবিধান লঙ্ঘনের সঙ্গে জড়িত ছিল, তাদের প্রত্যেকের বিরুদ্ধে আইনগতভাবে ব্যবস্থা নিতে হবে।’

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