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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Inflow of remittances crosses $2.50b-mark in July

| Updated: August 07, 2020 09:37:17


--Reuters/file photo --Reuters/file photo

The inflow of remittances crossed US$ 2.50 billion-mark in July—before the celebration of Eid-ul-Azha -- highest ever the country received in a month, officials said.

Remittances from Bangladeshi nationals working abroad were estimated at $2.60 billion in July, up by 766.87 million a month before. The amount was $1.83 billion in June 2020. It was $1.60 billion in July 2019.

The government’s incentive along with latest policy support, provided by the Bangladesh Bank (BB), has contributed to achieve the new record of inward remittances, they added.

“The July remittance set a new record in the history of Bangladesh,” Kazi Sayedur Rahman, executive director of the BB, told the FE on Monday.

Bangladesh earlier received the highest $1.83 billion as remittance in June 2020, the BB data showed.

siddique.islam@gmail.com

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