Bangladesh's Remittance Flow Records Over 27 Percent Growth

Article Date: 
3 Mar 2009

Bangladesh expatriates sent home a record $6.148 billion in remittances during the first eight months of the current fiscal year, marking a 27.01 percent growth over the same period of the last fiscal year.

"The flow of remittances is still at a satisfactory level," a senior official of the Bangladesh Bank (BB), the country's central bank, told AHN Media in Dhaka on Tuesday.

The BB official also said that the total amount of remittances dropped slightly in February over that of the previous month due mainly to fewer working days.

The remittances from Bangladeshi nationals working abroad were estimated at $784.47 million in February last, a fall by $74.56 million from the previous month. In January 2009, the remittance was worth $859 million, according to the central bank statistics, released on Tuesday.

Article Author: 
Siddique Islam
Article Source: