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Bangladesh received $1.97 billion remittance in July

Online Desk
  02 Aug 2023, 08:39

Bangladesh received inward remittances of $1.97 billion in July, the first month of Fiscal year 2023-24, which saw a decline on year-on-year basis by 5.86 percent. (UNB reported)

According to Bangladesh Bank (BB) data, the expatriates sent $2.19 billion remittance in June last month of FY23, saw a fall by 10.27 percent in July.

Despite the fall in remittance inflow in July, the central bank officials described it as better than other months.

UNB mentioned a spokesman of the BB, Md Sarwar Hossain, that the expatriates sent a higher volume of remittances in June for Eid-ul-Azha. He also thanked one of the biggest festival.

Bangladeshi expatriates sent $21.61 billion in remittance in the last fiscal year FY23 (June-July). In the previous FY it was $21.03 billion.

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