Remittance falls for fourth month in September

The inflow of remittance dropped for the fourth consecutive month in September this year, as illegal cross border transaction “hundi” system saw a rise following strict restrictions.

The inflow fell by 19.74 per cent year-on-year in September to $1.72 billion, as per the latest data from the Bangladesh Bank on Sunday.

From July to September of this fiscal year, Bangladeshi expatriates sent $5.40 billion, which is 19.44 per cent less compared to the same period of last fiscal year, BB data said.

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