May inward remittances down by 6.24pc


FE REPORT | Published: June 02, 2022 08:36:05 | Updated: June 02, 2022 13:45:51


May inward remittances down by 6.24pc

Volume of the country's inward remittances declined by around 6.24 per cent to US$1.88 billion in May of the current fiscal year over the previous month, official data revealed.

Bangladeshis staying abroad sent home over $2.01 billion in April last, according the Bangladesh Bank.

The amount of remittances inflow also fell by nearly 16 per cent year-on-year to reach $19.19 billion during the first 11 months of the current fiscal year (2021-22) over the matching period of the last fiscal.

Bangladesh received remittances to the tune of nearly $22.84 billion during the first 11 months (July-May) of the fiscal year 2020-21.

According to official figures, the volume of inward remittances has been showing a downward trend in the last couple of months.

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