Dhaka, Bangladesh (BBN) - Money sent home by expatriate Bangladeshis amounted to over US$4.0 billion in the two months to August, according to official figures, released on Sunday.
The flow of remittances rose by nearly 16 per cent to $4.13 billion during the July-August period of financial year (FY), 2024-25, from $3.57 billion in the same period a year earlier.
Meanwhile, the inflow of remittances jumped by nearly 39 per cent to $2.22 billion in August, the first month of the interim government, from $1.60 billion a year ago. It was $1.91 billion in July 2024.
The Bangladesh Bank (BB) data showed that the inflow of remittances stood at $138 million from July 21 to July 27, the lowest among the four weeks of that month, following the internet outage, hindering banks from collecting much-needed foreign currencies to boost country's forex reserves.
BBN/SSR/AD