Home ›› 07 Oct 2021 ›› Front
He said the country received a record remittance last year, but now the informal channels are recovering as most countries have withdrawn travel ban.
Former Trust Bank managing director Faruq Mainuddin Ahmed said expatriates sent more money home amid the pandemic considering the crisis period. Many migrants returned home permanently amid the pandemic, which is one of the reasons behind the slump in remittance inflow. He said it would take time for the remittance inflow to go upward.
Last month, private commercial banks received $1,320.02 million, state-run banks $361.43 million, foreign banks $7.60 million and specialised banks $37.24 million in remittance, BB data showed. Bangladesh received the highest remittance from Saudi Arabia, followed by the USA and UAE.
Amid movement restrictions, the number of outgoing workers was 96,912 during April-June of this year, according to BMET.
A World Bank report in May this year found that inward remittance flows to South Asia increased by about 5 per cent last year when India received $83.1 billion, Pakistan $26.1 billion and Bangladesh $21.1 billion.
