Remittances in the wind, 225 crore dollars came in 19 days
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Photo: Collected
With Eid-ul-Fitr ahead, the pace of remittances or expatriate income has increased. In the 19 days of the current (March) month, expatriates have sent remittance of 225 crore dollars in 19 days. In Bangladeshi currency (122 taka per dollar) which amounts to more than 27,474 crore taka.
In these 19 days, an average of about 12 crore dollars or 1,464 crore taka has been received daily. If this trend continues, a new record may be created in expatriate income in March.
This information was revealed in the updated report of Bangladesh Bank on Thursday (March 20).
After the political change in the country in August last year, the pace of expatriate income started increasing continuously. The highest remittance in the country's history (about 264 crore dollars) was received in December of the current (2024-25) fiscal year. The second highest remittance came in February (about 253 crore dollars).
A senior official of the relevant department of the central bank told a web portal that money laundering has decreased after the interim government took office. At the same time, the violence of hundi traders has also decreased. On the other hand, the dollar price of remittances is available in banks like in the open market. For these reasons, expatriates are showing interest in sending remittances through legal channels. In addition, the remittance flow has increased further around the upcoming Eid-ul-Fitr.
The total remittance received in the eight months (July-February) of the current (2024-25) fiscal year was 1849 crore dollars. In the first eight months of the 2023-24 fiscal year, 1494 crore dollars came. Accordingly, remittances in the current fiscal year have increased by 355 crore dollars compared to the same period of the last fiscal year.
Earlier, the highest remittance of 264 crore dollars in a single month in the country's history was received in December last year. With this, remittances have crossed two billion dollars for eight consecutive months since August, the second month of the fiscal year.
