$946m remitted by expats in November
Tuesday, 7 December 2010
FE Report
Bangladeshis working abroad have remitted nearly US$946 million in November this year thanks to the Eid-ul-Azha festival, officials said Monday.
"The flow of remittances has increased slightly during the period as the country observed the Eid festival," a senior official of the Bangladesh Bank (BB) told the FE, adding that the inflow of remittances normally fall after the Eid festival.
The remittances from Bangladeshi nationals working abroad were estimated at $945.99 million in November, up by $22.14 million from the previous month. In October 2010, the remittance was $923.85 million, according to the central bank statistics.
The country received $4.528 billion as remittances during July-November period of the current fiscal, registering a 2.80 per cent negative growth over the corresponding period in the previous fiscal, the BB data showed.
"We're monitoring the overall inflow of remittance closely," the BB official said, adding that the overall remittance growth is dependent on manpower export.
Bangladeshis working abroad have remitted nearly US$946 million in November this year thanks to the Eid-ul-Azha festival, officials said Monday.
"The flow of remittances has increased slightly during the period as the country observed the Eid festival," a senior official of the Bangladesh Bank (BB) told the FE, adding that the inflow of remittances normally fall after the Eid festival.
The remittances from Bangladeshi nationals working abroad were estimated at $945.99 million in November, up by $22.14 million from the previous month. In October 2010, the remittance was $923.85 million, according to the central bank statistics.
The country received $4.528 billion as remittances during July-November period of the current fiscal, registering a 2.80 per cent negative growth over the corresponding period in the previous fiscal, the BB data showed.
"We're monitoring the overall inflow of remittance closely," the BB official said, adding that the overall remittance growth is dependent on manpower export.