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Remittance earnings up 15% in Jan YoY

Staff Correspondent
01 Feb 2023 17:59:35 | Update: 02 Feb 2023 00:35:42
Remittance earnings up 15% in Jan YoY
— Representational Image

Bangladesh’s remittance income reached $1.96 billion in January, which was 14.92 per cent higher compared to the same month last year, according to latest data from the Bangladesh Bank.

In the first seven months (July-January) of FY23, remittance income increased by 4.25 per cent, when compared year-on-year. Remittance income reached $12.45 billion in that July-January period, which was $11.94 billion in FY22.

According to experts, remittance income growth is a good sign at a time when the country is suffering from a USD crisis.