Bangladesh sees record remittances
Bangladesh’s remittances hit an all-time high ...
Bangladesh’s remittances hit an all-time high of more than USD 20 billion in the first 10 months of the current 2020-21 fiscal year ending in June.
According to data by the Bangladesh Bank (BB) released in May, the remittances surged 39 percent in July-April period of 2020-21 fiscal year (July 2020-June 2021) to reach USD 20,672 million with the last month’s hefty inflows, reports Xinhua news agency. Bangladeshi expatriates sent home USD 2.07 billion in April, the highest monthly amount thus far, the BB data showed. This amount is also up by 89 percent from USD 1.09 billion the country received in the same month of the last 2019-20 fiscal year. Bangladeshis in the 2019-20 fiscal year remitted home USD 18.20 billion, previous highest remittances in a single year.