Remittance inflow increases by 43pc in four months


FE Team | Published: November 01, 2020 21:38:03 | Updated: November 05, 2020 11:27:19


Remittance inflow increases by 43pc in four months

Expatriate Bangladeshis sent $8,825 million remittances in the first four months of the current fiscal 2020-21, which is 43.24 per cent higher than the amount of the corresponding period of the previous fiscal year.

The country received $6,161 million remittances during the July-October period in the 2019-20 fiscal year, reports BSS citing the finance ministry, reports BSS.

According to the data, the country received $2,112 million in October of fiscal 2020-21.

But in 2019-20, the country got $1,642 million in October.

As per the data, at the end of October 2020, the foreign exchange reserve stood at $41,005 million which was $32,438 million at the end of October 2019.

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