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Remittance hits $1.72bn in Sept

  • Staff Correspondent
  • 4 October, 2021 12:00 AM
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Remittance hits $1.72bn in Sept

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Bangladesh’s inward remittance has hit 1.72 billion in September this year, down from $2.15 billion reported in the same month last year. 

Despite the withdrawal of Covid-19 restrictions globally, the country’s remittance flow has been declining in the first 3 months of FY22.

Bangladeshi expatriates sent $5.40 billion in 3 months (July, August and September) of FY22, which was $6.72 billion in the same 3 months of FY21.

Bangladesh Bank (BB) data shows the flow of inward remittance has decreased by $1.30 billion in the 3 months of FY 22, compared to the same 3 months of FY21.

The volume of inward remittance in July was $1.87 billion and $18.10 billion in August.

A senior official of BB said though the flow of inward remittance decreased in recent months after easing coronavirus restrictions globally, “The earning of our expatriate workers will go up with the opening of new opportunities.”  

Besides, around 15,000 Bangladeshi workers are migrating to different countries every month, he said.

 “There is a demand for more migrant workers in many countries as economic activities are gearing up again,” said the BB official.

Bangladesh received the highest-ever remittance of $24.777 billion in FY 2020-21.