Bangladesh received $1.9 billion as remittance in July, which shows a decrease by 24.87 per cent compared to previous month June.
The expatriates sent a record remittance of $2.51 billion in June ahead of Eid-ul-Azha. Compared to June, the remittance inflow decreased by 24.87 per cent in July this year, according to an updated report of the Bangladesh Bank.
Back in July 2023, expatriates sent $1.97 billion remittance in the country.
In the first 18 days of July, an average of $79 million in remittances came daily, but from July 19 to 24, a total of $78 million came in six days. On July 31, the expatriates sent $120 million in remittance, which was the highest in a single day, according to the central bank.
Bangladesh Bank Executive Director and Spokesperson Md Mezbaul Haque also confirmed that the expatriates sent $1.9 billion to the country in July.
An analysis of central bank data shows that the lowest remittance in the first 7 months of 2024 came in July. In this month, Bangladesh received remittances of $1.9 billion. Before this, remittances received $2.11 billion in January and $2.16 billion in February.
In March, expatriates sent $1.99 billion in remittance, in April $2.04 billion, and in May $2.25 billion.
