Dhaka, Bangladesh (BBN) – The flow of inward remittance increased significantly this month ahead of the Holy Ramadan, officials said.
Bangladesh received $ 988.33 million as remittances between May 1 and May 22 from Bangladeshi nationals who are working abroad, according to the central bank’s latest statistics, released on Monday.
“It’s a satisfactory level of inward remittance flow,” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.
“The inflow of remittances may cross $1.30 billion by the end of this month if the existing trend continues,” the central banker noted.
The remittances from Bangladeshi nationals working abroad were estimated at US$ 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.