Remittance inflow falls in January

The remittance inflow to the country in January fell marginally to $1234.85 million from 1275.06 in December, 2014, according to official data released Monday, reports BSS.

Bangladesh Bank (BB) latest data also showed that the monthly inflow of remittance was lower than $1260.66 million, which the country received in the same month last year.

Earlier in December, the monthly remittance inflow rose to $1275.06 million from the previous month's $1182.82 million, taking the yearly remittance inflow close to the $15-billion mark.

The Migration and Remittances Unit of the World Bank (WB) earlier projected that Bangladesh would receive over $15 billion in remittance in 2014 and the inflow would increase further in future.

The country saw the highest ever inflow of monthly remittance in July, 2014 with the amount hitting as high as $1492.47 million ($1.49 billion).