Remittance inflow rises ahead of Eid

Remittance inflow has increased ahead of Eid-ul-Fitr as Bangladesh received $1.82 billion remittance from April 1- 27.

Bangladesh Bank is expecting that the figure will exceed $2 billion as expatriates are sending additional money for their relatives ahead of the festival.

Md Serajul Islam, executive director and also spokesperson of the central bank, told UNB on Saturday that a total of $1.82 billion remittance was received by different banks from April 1- 27.

He hoped that more than $30 billion remittance will be received in the remaining days of April.

The expatriates sent $2.17 billion remittance in the month of May last year, ahead of Eid-ul Fitr.

Bangladesh received $1.87 billion in July, $1.81 billion in August, $1.72 billion in September, $1.64 billion in October, $1.55 billion in November, $1.63 billion in December, $1.70 billion in January, and $1.14 billion in February of FY22.

In March 2022, the expatriates sent $1.86 billion remittance.

The inward remittance inflow of the last nine months of FY22 saw a decreasing trend compared to the corresponding months in the FY21.

In the same period of FY21, the remittance inflow was $2.59 billion in July, $1.96 billion in August, $2.15 billion in September, $2.10 billion in October, $2.07 billion in November, $2.05 billion in December, $1.96 billion in January, $1.78 billion in February and $1.91 billion in March.