BD receives highest remittance from KSA in July-Sept

Dhaka,  Sun,  11 December 2016
Published : 14 Oct 2016, 17:43:11

BD receives highest remittance from KSA in July-Sept

BD receives highest remittance from KSA in July-Sept
The expatriate Bangladeshis working in Saudi Arabia sent the highest amount of remittance, US$ 600.51 million, during the July-September period of the current fiscal year.

According to Bangladesh Bank statistics, the country received a total of $3.232 billion in remittance from different countries of the world in the first three months (July to September) of the current fiscal year 2016-17, reports UNB.

Saudi Arabia is followed by the United Arab Emirates (UAE) as Bangladeshi wage earners in this Gulf country sent $551.04 million in the three months.

The USA is the third top remittance sending country as Bangladesh received $429 million during the period while the next countries are Malaysia ($319.91 million), Kuwait ($244.55 million), Oman ($228.94 million), Qatar ($133.68 million), United Kingdom ($168.88 million), Italy ($ 127.99 million), Singapore ($87.04 million) and Bahrain (83.65).

Meanwhile, another data shows that Bangladesh received a total of $268.79 million in remittance in first seven days of current month (October) from different countries.

Of the amount, six state-owned banks—Agrani, Janata, Rupali, Sonali, Basic and BDBL—received $82.05 million while two specialized banks—Bangladesh Krishi bank and Rajshahi Krishi Unnayan Bank—received $2.94 million.

Some 39 private banks received $181.11 million while nine foreign banks received $2.87 million.

Among the private banks, Islami Bank Bangladesh Limited (IBBL) received highest remittance of $67.06 million. –RH
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