Bangladesh's Q1 remittances reach $3 bn


Dhaka, Oct 6 (IANS): Bangladeshis living and working abroad remitted home more than $3 billion in the first quarter of the current fiscal, a central bank official said Sunday.

Quoting provisional data, the Bangladesh Bank (BB) official told Xinhua that the flow of inward remittances in the first three months of the 2013-14 financial year (July 2013-June 2014) fell about 8 percent to $3,270.35 million.

After $1,238.49 million in July and $1,005.77 million in August, the amount of remittance in the last month stood at $1,026.09 million, down about 13 percent than that of the same period a year earlier, said the official who preferred to be unnamed.

Officials say inflow of remittances surged in July as expatriates sent more money to their relatives for the Muslim religious festival Eid-ul-Fitr.

They, however, expect inflow of remittances to boom this month as the Muslim-majority Bangladesh is set to celebrate Eid-ul-Azha, another big religious festival, which would be held in the South Asian country on or around Oct 16 based on the sighting of the new moon.

The inflow of remittances by about nine million non-resident Bangladeshis in the previous 2012-13 fiscal reached a record high of nearly $15 billion, about 13 percent higher than the like period a year ago.

  

Top Stories


Leave a Comment

Title: Bangladesh's Q1 remittances reach $3 bn



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.