The central bank predicts that the recent increasing trend of remittance is likely to continue in the ensuing months.
Bangladesh Bank (BB) Deputy Governor Abu Hena Mohammad Razee Hassan said the recent flow of remittance indicates that it is gradually rising and this trend may continue in the months to come.
The remittance inflow increased by 15.83 per cent in the first seven months of the current fiscal compared to that of the corresponding period of the previous year.
BB says Bangladesh received US$ 8,312.15 million as remittance compared to $7,176.32 million in the same period of the previous fiscal.
"The flow of remittances into the country has bounced back in the current fiscal 2017-18 as BB has taken some measures to streamline the legal channel for encouraging non-resident Bangladeshis (NRBs) to send home money," said Mr Hassan.
Six state-owned commercial banks in January this year received $331.48 million while one state-owned specialised bank, Bangladesh Krishi Bank, received $11.38 million.
Of the state-owned banks, Agrani Bank received $129.65 million, Janata Bank $84.54 million, Rupali Bank $16.40 million, Sonali Bank $100.75 million and Basic Bank $0.14 million.
Besides, according to BSS, the expatriates sent $12.76 million through foreign commercial banks.
The data says, the country received $1,379.79 million in January, $1,163.82 million in December, $1,214.75 million in November, $1162.77 million in October, $856.87 million in September, $1,418.58 million in August and $1,115.57 million in July in 2017-18 fiscal.
In 2016-17, the country received $1,009.47 million in January, $958.73 million in December, $951.37 million in November, $1,010.99 million in October, $1,056.64 million in September, $1,183.61 million in August and $1,005.51 million in July.
Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received $266.12 million, the highest amount, while Dutch-Bangla Bank (DBBL) $72.22 million.
