The remittances or expatriate income of the country has returned to momentum after the announcement of double incentives. The upward trend continues in November after October. As a result, in the first 10 days of this month, the expatriate income in the banking channel (legally) is 794.4 million US dollars, which is 8 thousand 778 crores in Bangladeshi currency (as 110 taka 50 paisa per dollar).
This information is known from the update of Bangladesh Bank on Sunday (November 12).
Among the remittances sent by expatriates, 723.2 million 60 thousand dollars came through private banks. Apart from this, 4 crore 92 lakh 40 thousand dollars came through state banks, 1 crore 94 lakh 50 thousand dollars through specialized banks and 24 lakh 50 thousand dollars through foreign sector banks.
Earlier, expatriates sent remittances of USD 781.2 million in the first 13 days of October and USD 739.9 million in the 15 days of September.
Meanwhile, last month (October) remittances to the country reached 197 crore 75 lakh 60 thousand US dollars. Apart from this, 134 crore 43 lakh 50 thousand US dollars came in September, 159 crore 94 lakh 50 thousand US dollars in August and 197 crore 31 lakh 50 thousand US dollars came in July.
It is to be noted that since October 22, Bangladesh Bank has implemented instructions to pay expatriates an additional two and a half percent more with an incentive for every 100 taka of remittance of expatriate income to the country through the bank through legal channels. As a result, the country’s remittance wheel is moving again.
From last October 22, Bangladesh Bank has implemented instructions to pay expatriates an additional two and a half percent more with an incentive for every Tk 100 of expatriate income remitted to the country through the bank through legal channels. According to the new decision, the banks will be able to buy remittances with an additional two and a half percent additional money in addition to the two and a half percent incentive given by the government.
In the first 10 days of November, 4 crore 92 lakh 40 thousand dollars came through the state-owned banks. Besides, 1 crore 94 lakh 50 thousand dollars came through specialized banks, 72 crore 32 lakh 60 thousand dollars through private banks and 24 lakh 50 thousand dollars through foreign sector banks.
Meanwhile, in the recent month of October, remittances to the country reached 197 million 75 million 60 thousand US dollars. Expatriates of Dhaka Division have sent the most remittances. Out of this, 15 crore 44 lakh 70 thousand US dollars were remitted through state-owned banks. And 5 crore 82 lakh US dollars through specialized banks, 175 crore 88 lakh 60 thousand dollars through private banks and 6 million 30 thousand dollars through foreign sector banks.
Bangladesh Journal/FM
Tags: Expatriate income returning speed million dollars days
