$1.64 billion remittance in 21 days of July

Bangladesh received US $1642.75 million (1.64 billion) inward remittance till July 21, thanks to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festival of Muslims, according to data from Bangladesh Bank, reports UNB.

It means, on an average the expatriates sent $78.22 million remittance in to the country during July 01-21, the opening month of the fiscal year 2022-23.

In June, the last month of the fiscal year, the expatriates sent home $1.83 billion remittance through the banking channel, said the BB figures available on Monday.

Bangladesh received the highest $24.77 billion remittance in FY2020-21, amid global travel restrictions amid Covid-19 pandemic.

In FY 22 remittance income fell to $21.03 billion following the lifting of travel restrictions and sending of money through unofficial channels, people involved with the issue said.