• Friday, Sep 17, 2021
  • Last Update : 07:46 pm

Remittance witnesses over 40% growth in 11 months

  • Published at 02:37 pm June 1st, 2021
Remittence
A bank employee counts US dollar notes in this file photo from May 16, 2016 Reuters

Foreign exchange reserves, on May 30, stood at $44.96 billion

Expatriate Bangladeshis sent $22.75 billion in remittance during the first 11 months of the current fiscal 2020- 21.

The figure is apparently 40.10% higher than the same period of the preceding year, according to Finance Ministry.


Also Read- Bangladesh receives $1.59bn as remittance in 20 days


The country received $16.23 billion in remittance from July to May in 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.


Also Read- BB simplifies outward remittances through int'l card channel


The robust inward remittances have boosted the country’s foreign exchange reserves, taking it to $44.96 billion by 30 May.

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