XINHUA – Bangladeshi people living and working abroad remitted home more than USD6 billion in the first quarter of the current 2024-25 fiscal year beginning July, the latest central bank data showed.
According to the Bangladesh Bank (BB), the flow of inward remittances in the first three months of the current fiscal year was estimated at some USD6.54 billion, up from USD4.91 billion in the same period of the previous fiscal year.
After the amount of remittances hit USD1.91 billion in July and USD2.22 billion in August, respectively, the figure of last month stood at USD2.40 billion, up over 80 per cent from a year earlier, the BB data showed.
Bangladesh’s remittances grew 10 per cent year-on-year to USD23.9 billion in fiscal 2023-24, with the receipts last June standing at USD2.54 billion.
The remittances mostly came from the Middle Eastern countries of Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar and Bahrain.
