Country\\\'s inward remittances grow at faster pace last month

FE Report
The country's inward remittance grew at a faster pace in March compared to that of the previous month as political stability started restoring after a prolonged turmoil, officials said.
The remittances from Bangladeshi nationals working abroad were estimated at US$1.27 billion in March, 2014, up by $100.16 million from the level of the previous month. In February last the remittances stood at $1.17 billion. It was $1.23 billion in March, 2013.
"The upward trend in inward remittance may continue in the coming months as the country's political situation is improving gradually," a senior official of the Bangladesh Bank (BB) told the FE Wednesday.
Bangladesh received a total of $10.48 billion during the July-March period of the fiscal year (FY) 2013-14, sustaining a negative growth of 5.77 per cent over the corresponding period of the previous fiscal, according to the central bank statistics.
"We're working continuously to expedite the flow of inward remittance from different parts of the world," the central banker noted.
Currently, 31 exchange houses operating across the globe have set up 978 drawing arrangements abroad to expedite the remittance inflow, he added.