In 24 days, remittances reached 1.72 billion dollars, income increased by 30 percent – Bangladesh Diplomat

The speed of remittances coming into the country has increased. In the first 24 days of this month of August, 171 crore 83 lakh 30 thousand US dollars were received in the country through legal channels.

On the 24th day of August, remittances were almost 30 percent higher than the same period last year.

This information is known from the updated report published by the central bank on Sunday (August 25).

In the first week of this month of August, remittances came to a standstill, but after the fall of Sheikh Hasina's government on August 5, its speed increased.

According to the data of Bangladesh Bank, from August 4 to August 10, 387.1 million 20 thousand US dollars came and from August 11 to 17, 65 million 14 million US dollars came, from August 18 to 24, 584.1 million US dollars came.

After reviewing the data of the Central Bank, it was found that the amount of remittances received in the country till August 24, 276.9 million dollars through state-owned banks, 6.4 million 10 thousand US dollars through a specialized bank, and 137 million 77 million dollars through private banks. 90 thousand dollars and 32 lakh 30 thousand US dollars remittance came through foreign banks.

According to the data of the central bank, the remittances on the 24th day of August were more than 30 percent more than the same period of the previous year. In August last year (2023), remittances came in at 132 million dollars in 24 days.

In the first month of the fiscal year 2024-25, July, remittances of US$ 191,358,000 have arrived in the country. Which is lowest in previous 10 months. Earlier in September 2023, remittances came in at $1.33 billion.

197 crore 31 lakh in July, 159 crore 94 lakh in August, 133 crore 43 lakh in September, 197 crore 14 lakh in October, 193 crore in November, 19912 crore in December, 211 crore 31 lakh in January, 216 crore 45 lakh in February , 1997 crores in March, 204 crores 42 lakhs came in April, 225 crores 38 lakhs came in May and 254 crores 16 lakhs came in June.