Remittance inflow increases by 10.76pc in 5 months | daily-sun.com

Remittance inflow increases by 10.76pc in 5 months

Sun Online Desk     7th December, 2017 05:07:33 printer

Remittance inflow increases by 10.76pc in 5 months

Expatriate Bangladeshis sent US$ 5,768.54 million remittances during the first five months of the current fiscal 2017-18, which is 10.76 percent higher than the same period of the preceding year.

Quoting BB Deputy Governor Abu Hena Mohammad Razee Hassan BSS said on Thursday that the recent flow of remittance indicates that it is gradually increasing and this trend is likely to continue in the upcoming months.

According to the BB data, the country received $1,214.75 million in November, $1162.77 million in October, $856.87 million in September, $1,418.58 million and $1,115.57 million in July, 2017. 

But in 2016-17, the country received $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.

BB is trying to create awareness among the expatriates to send remittances through proper channels, said Hassan

In November, the state-owned six banks combine carried remittance of $269.67 million. Besides, local commercial banks became the channel of $920.19 million while $15 million was injected through nine foreign commercial banks.

In addition, two specialized banks had the stake of remittance inflow of $9.89 million. 

In November, Islami Bank Bangladesh Limited was leading the position of channeling remittance like before with $205.90 million followed by Agrani Bank $103.97 million, Sonali Bank $84.78 million and Janata Bank $69.53 million.


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