Remittance flow increased 37.59 percent in 6 months

Due to the global epidemic, remittance inflows were expected to decline as migrant workers in various parts of the world lost their jobs. But due to the impact of the epidemic, remittances declined slightly in April, but have been on an upward trend ever since. However, overcoming all fears, the flow of remittances to the country has increased by 37.59 percent or 3.54 billion in the first half of the current fiscal year 2020-21.

Outgoing remittances have made a significant contribution as the country’s foreign exchange reserves have risen to 43.17 billion dollar by the end of December 2020. Seven months ago, at the end of June last year, the foreign exchange reserves were 33 billion dollar.

Sunbd/NJ