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POST TIME: 5 September, 2018 00:00 00 AM
Remittance inflow up by $9.28cr in August
BSS

Remittance inflow up by $9.28cr in August

Bangladeshi expatriates sent home US$141.10 crore remittance in August, as the government had taken realistic steps to increase the flow of remittance, reports BSS.

“The remittance inflow in August increased by $9.28 crore than the amount received in the previous month. In July, Bangladeshi expatriates sent home $131.81 crore remittance,” according to Bangladesh Bank (BB) data.

Officials concerned said that the remittance inflow increased due to the government’s positive, realistic steps, including facilitating the banking channel for inward remittance and preventing hundi (smuggling) trade.

The data also shows that expatriate Bangladeshis used more private banking channels for sending $102.77 crore remittance during the period.

Six state-owned commercial banks- Agrani, Janata, Rupali, Sonali, Basic and BDBL – received $ 35.72 crore, while one state-owned specialised bank, Bangladesh Krishi Bank, received $1.53 crore remittance.

The expatriates sent $1 crore through foreign commercial banks.