Expatriate income increased by 12.5 percent during the year

Expatriate income increased by 12.5 percent during the year
Expatriate income increased by 12.5 percent during the year

Correspondent: In August this year, remittances of 203 million US dollars have arrived in the country. In local currency (at 95 taka per dollar) which amounts to 19 thousand 361 crore taka. Which is 12.6 percent more than August of last year (2021). Because 181 crores came in the same period of last year. This information has been revealed in the latest report on Bangladesh Bank remittance on Thursday (September 1).

Officials of the central bank say that the remittances have increased in the outgoing month compared to the same period last year due to various benefits of the government. More will come in the future, the dollar crisis will pass. It is expected that the trend of money coming through hundi will also decrease due to the incentives.

According to the data of Bangladesh Bank, remittances of 203.8 million dollars (2038 million dollars) have arrived in August, the outgoing month of this year. 181 crore ($1810 million) in August last year. Accordingly, remittances have increased by 12.6 percent over the same period last year. Remittances of 209 million dollars came in July this year. According to that, remittances decreased by about 6 million dollars in August compared to July.

Calculations say that in the first two months of the fiscal year 2022-2023, in July and August, total remittances came in the amount of 413 million 40 million dollars. Which is 12.3 percent more than the previous financial year (2021-22). In July and August of the fiscal year 2021-2022, remittances came in at 368.2 million dollars.

Most remittances in this month came through Islami Bank. Then there is through the state-owned Agrani Bank. It is followed by Dutch-Bangla Bank through Rupali Bank. However, no remittance came through foreign banks Al-Falah, Habib Bank and National Bank of Pakistan, State Bank of India.

According to the data of the central bank, in the fiscal year 2021-2022, expatriate Bangladeshis sent a total of 2 thousand 103 crore 17 lakh (21.3 billion) US dollars remittances to the country through banking channels. Which is 15.11 percent less than the previous financial year (2020-2021). In the fiscal year 2020-21, remittances worth 24.77 billion dollars were sent by Bangladeshis working in different countries.

Meanwhile, the price of the dollar fell in the open market and exchange houses. On Thursday (September 1), the dollar is being sold at the exchanges from 106 taka 60 paisa to 107 taka 20 paisa. And in the open market, the dollar is being sold at 108 to 109 taka 50 paisa. And interbank has a price of Tk 95 (central bank website).

The article is in Bengali

Tags: Expatriate income increased percent year

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