Record single month remittance received in July
Published: 07:27 AM, 4 August 2020 Updated: 12:09 PM, 4 August 2020
Despite the outbreak of the coronavirus epidemic, the monthly inflow of remittance hit an all-time high with almost $2.60 billion in July for Eid-ul-Adha. Never before in the history of the country have so many remittances come in a single month.
As a result, the foreign exchange reserves of Bangladesh Bank have increased to $3,729 crore till July 30.
Bangladesh Bank Executive Director Kazi Saidur Rahman told the media on Monday.
Expatriate Bangladeshis living in different countries of the world send a lot of remittances every year. Especially on the occasion of two Eids, expatriates send a huge amount of money for their families.
According to the Bangladesh Bank data, the country received $2.59 billion in remittance from expatriates during July, which is $1 billion or 62.89 percent higher than that in the same month last year.
According to the Bangladesh Bank, the final month of the fiscal year 2019-20, expats remitted $1.83 billion.