Dhaka, Bangladesh (BBN)-The flow of inward remittance fell slightly in April from that of the previous month despite an improved political situation in Bangladesh.
The remittances from Bangladeshi nationals working abroad were estimated at US$1.29 billion in April 2015, less by $ 44.58 million from the level of the previous month.
In March last, the remittances stood at $1.34 billion.
“The flow of inward remittances is still satisfactory level,” Kazi Sayedur Rahman, general manager of Forex Reserve and Treasury Management Department of Bangladesh Bank (BB), told the BBN in Dhaka on Tuesday.
The central banker also said the existing trend of inward remittance may continue in the coming months following the country’s political situation is improving gradually.
Bangladesh received $12.55 billion during the July-April period of current fiscal year (FY) 2014-15, registering a 7.05 per cent growth over the corresponding period of the last fiscal, the BB data shows.
Talking to the BBN, another BB official said, the central bank is working continuously to expedite the flow of inward remittance from different parts of the world.
Currently, 35 exchange houses operating across the globe have set up 1076 drawing arrangements abroad to expedite the remittance inflow, according to the central banker.
The central bank of Bangladesh earlier took a series of measures to encourage the expatriate Bangladeshis to send their hard-earned money through the formal banking channel, instead of the illegal "hundi" system to help boost the country's foreign exchange reserve.