Remittance inflow increases by 15.83pc in 7 months | daily-sun.com

Remittance inflow increases by 15.83pc in 7 months

Sun Online Desk     9th February, 2018 12:54:11 printer

Remittance inflow increases by 15.83pc in 7 months

Expatriate Bangladeshis sent US$ 8,312.15 million remittances in the first seven months of the current fiscal 2017-18, which is 15.83 percent higher than the corresponding period of the preceding year.

 

According to Bangladesh Bank (BB), the country received $7,176.32 million remittances during July-January period of 2016-17 financial year.

 

"The flow of remittances into the country rebound in the current fiscal 2017-18 as BB has taken some measures to streamline the legal channel for encouraging Non Resident Bangladeshis (NRBs) to send home money," BB Deputy Governor Abu Hena Mohammad Razee Hassan told on Thursday.

 

He said 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 $1,379.79 million in January, $1,163.82 million in December, $1,214.75 million in November, $1162.77 million in October, $856.87 million in September, $1,418.58 million in August and $1,115.57 million in July in 2017-18 fiscal.

 

But in 2016-17, the country received $1,009.47 million in January, $958.73 million in December, $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.

 

In January this year, six state-owned commercial banks- Agrani, Janata, Rupali, Sonali, Basic and BDBL - received $331.48 million while one state-owned specialised bank, Bangladesh Krishi Bank, received $11.38 million.

 

Of the state-owned banks, Agrani Bank received $129.65 million, Janata Bank $84.54 million, Rupali Bank $16.40 million, Sonali Bank $100.75 million and Basic Bank $0.14 million.

 

Besides, the expatriates have sent $12.76 million through foreign commercial banks.

 

Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received $266.12 million, the highest amount, while Dutch-Bangla Bank (DBBL) $72.22 million.

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