Dollar

Bangladesh receives $958 million remittance in 2 weeks of April

Bangladesh received $958 million in remittance in the first two weeks of April as Bangladeshis working abroad sent more money to families ahead of Eid-ul-Fitr.

According to the Bangladesh Bank data, $134 million came through six state-owned banks in the first 14 days of April.

Apart from this, $26 million came through the specialised Bangladesh Agricultural Bank.

Besides, $794 million came through private sector banks and $3 million came through foreign commercial banks.

In March, the expatriates sent home $2 billion remittance through the banking channel.

The remittance inflow increased in March after six months as bankers offered a maximum Tk117 per dollar when BAFEDA set the rate at Tk107.

Remittance inflow has been recorded below $2 billion since September last year after the Bangladesh Bank reduced the remittance rate to Tk107 from Tk108.

Source: The Business Standard

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