The country’s remittance inflow hit an 11-month low of $1.07 billion in May due to continued declining trend of the US dollar against the local currency Taka, said officials of Bangladesh Bank.
They said that political unrest was another cause of the lower inflow of remittance last month as such type of situation usually created an unfriendly business situation.
remittance
Remittance inflow increases by 15.89pc in 10 months
The inflow of remittance increased by 15.89 per cent to $12.30 billion in the first 10 months of the current financial year compared with that of the same period in the previous financial year when the expatriate Bangladeshis had remitted $10.61 billion, showed the Bangladesh Bank data released on Sunday.
The remittance in April also increased by 9.08 per cent compared
Remittance inflow soars by 19pc in 7 months
Remittance inflow increased by 19.57 per cent to $8.71 billion in the first seven months of the current financial year compared with that of the corresponding period of FY 2011-12 when expatriate Bangladeshis had remitted $7.28 billion, showed Bangladesh Bank data released on Monday.
The remittance in January also increased by 7.64 per cent compared with that of the
Remittance inflow crossed $14b in 2012
Remittance inflow increased by 16.49 per cent to $14.17 billion last year compared with that of 2011 thanks to significant appreciation of the dollar against the taka during the period, said Bangladesh Bank officials.
The central bank data released on Wednesday showed that migrant Bangladeshis had sent about $14.17 billion in remittance in the year 2012 against $12.17 billion in
Remittance inflow grows by 19 per cent in Q1
The inflow of remittance increased by 19.47 per cent in the first quarter of this financial year compared with that of the same period of the previous financial year.
According to data released by Bangladesh Bank on Tuesday, the expatriate Bangladeshis sent $3,551.70 million in remittances in July-September of
Remittance grows 6pc year-on-year in Aug
The month of August saw non-resident Bangladeshis send $1.167 billion in remittance, down by 2.84 percent from July’s receipts of $1.201 billion, the central bank said yesterday.
The figure, however, is 6 percent higher than the $1.102 billion recorded for August 2011.
This is the ninth consecutive month that Bangladesh has received over one billion dollar in
Eid spurs remittance flow
Remittance inflow rose by 17.55 percent to $1.19 billion in July from a year ago, riding on the upcoming Eid festival. The central bank governor yesterday sat with chief executives of all banks at his office in the capital to discuss ways to increase the flow of remittances.
Bangladesh Bank will organise roadshows in the USA and Europe to encourage the
Remittance flow to Bangladesh, Asia might be hit: WB
The indigenisation programmes being considered or implemented in the countries under Gulf Cooperation Council including Saudi Arabia have raised concerns of adverse implications for future remittances to migrant-sending countries including Bangladesh, said a World Bank report released on Thursday.
‘While the indigenisation may not affect remittances in the near-term, they highlight the
Country’s remittance tops $10.6b in 11 months
The country received $10.606 billion in remittance from expatriate Bangladeshis in 11 months of the current fiscal year.
In May, the amount of inward remittance was $993.25 million, higher by $90.20 million of the remittance inflow in the same month of 2010 when the amount was