Bangladesh receives $1.12b remittances in July

Dhaka,  Sun,  20 August 2017
Published : 13 Aug 2017, 17:37:50
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Bangladesh receives $1.12b remittances in July

Bangladesh receives $1.12b remittances in July
Millions of Bangladeshis, living and working abroad, remitted home 1.12 billion US dollars in July, the first month of the current 2017-18 fiscal year (July 2017-June 2018), a central bank official said Sunday.

The Bangladesh Bank (BB) official told Xinhua that "the flow of inward remittances surged about 11 per cent year on year to 1,115.57 million US dollars in the last month."

The inflow of remittances would likely rise further this month as non-resident Bangladeshis will send home more money for their relatives to celebrate Eid-ul-Azha, one of the largest Muslim festivals, which is expected to take place on Sept. 1 this year.

The amount of remittance from about 10 million Bangladeshis in the last fiscal year spanning from July 2016 to June 2017, stood at 13 billion US dollars, over 10 per cent higher than the same period a year ago, the official said.
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