Bangladesh receives $22.75 billion remittance in 11 months
Published: 01:15 PM, 1 June 2021 Updated: 03:36 PM, 1 June 2021
Expatriate Bangladeshis sent US$22.75 billion in remittance during the first 11 months of the current fiscal 2020- 21, which is apparently 40.10 percent higher than the same period of the preceding year, according to finance ministry.
The country received $16.23 billion in remittance during July to May in the 2019-20 financial year.
Meanwhile, in May, the remittance was $2.07 billion which was $1.36 billion in the same period of the previous fiscal year.
The robust inward remittances have boosted the country’s foreign exchange reserves, taking it to $44.96 billion by 30 May.