Bangladesh received $1.96bn remittances in August
Sunbd Desk || Published: 2020-09-01 16:49:43 || Updated: 2020-09-01 16:49:43
Expatriate Bangladeshis have sent $1.96 billion in remittance in the month of August, this year amid pandemic coronavirus, up by 35.93% than the corresponding month of the previous year.
Remittance inflow increased by 50% to $4.56 billion in July-August period of the current fiscal year, compared to the same period of last fiscal year, according to data from Bangladesh Bank.
The country’s Foreign exchange reserves reached $39.04 billion for the first time on Tuesday due to the increasing trend of remittance.
Increasing trend of remittance and $300 million fund from Japan international cooperation agency (JICA) have played a vital role behind the surge in foreign exchange reserves, said a high official of the BB.
Exparts said, most of the expatriates have sent their hard earned money through banking channels instead of hundi owing to the pandemic coronaviurs, which also boost the remittance earning, they said
- Several Palestinians killed by Israeli fire in West Bank protests
- 5 Eid jamaats will be held at Baitul Mukarram Mosque
- President, PM greet countrymen on Eid-ul-Fitr
- Square Pharma’s subsidiary going to commercial production in Kenya
- China hands over 5 lakh doses vaccine as gift
- United Finance disclose first Quarter earnings report
- Mir Akhter disclose third Quarter earnings report
- PM denounces attack on Al Aqsa mosque
- Queen South Textile disclose first Quarter earnings report
- Prime Bank disclose first Quarter earnings report
- Islami Bank disclose first Quarter earnings report
- Reliance Insurance disclose first Quarter earnings report
- Islami Insurance declares dividend
- First Security Islami Bank declares dividend
- Uttara Bank disclose first Quarter earnings report
- Exim Bank declares dividend
- Takaful Insurance declares dividend