Remittance witnesses 40.10pc growth in 11 months
Business Desk Published: 1 June 2021, 04:33 PM
| Updated: 1 June 2021, 09:28 PM
Expatriate Bangladeshis sent US$22.75 billion in remittance during the first 11 months of the current fiscal 2020- 21, which is apparently 40.10 per cent higher than the same period of the preceding year, according to finance ministry.
The country received $16.23 billion in remittance during July to May in 2019-20 financial year.
Meanwhile, in May, the remittance was $2.07 billion which was $1.36 billion in the same period of the previous fiscal year.
The robust inward remittances have boosted the country’s foreign exchange reserves, taking it to $44.96 billion by 30 May.
Source: BSS
