The amount of remittances decreased in August

The amount of remittances decreased in August
The amount of remittances decreased in August

Jumbangla Desk: Expatriates working in different countries of the world have sent remittances of 203.8 million dollars in August, the second month of the current fiscal year 2022-23. In Bangladeshi currency (at 95 taka per dollar) which amounts to 19 thousand 361 crore taka. Which is 12.6 percent more than August last year. 181 million dollars came in the same period last year.

However, last month in July, the amount was 2100 million dollars, as a result, 70 million dollars less remittances came in August. This information has been informed in the latest report of Bangladesh Bank.

According to the data of Bangladesh Bank, the total remittances in the first two months of the current financial year, July and August, were 413 million dollars. Which is 12.3 percent more than the first two months of the previous financial year. In July and August 2021, expatriates sent $3.68 billion.

Most remittances in this month came through Islami Bank. Next is state-owned Agrani Bank. After that Dutch-Bangla Bank, 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 2021-22, expatriate Bangladeshis sent a total of two 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 (2020-21). In the fiscal year 2020-21, Bangladeshi expatriates have sent remittances of two thousand 477 crore 77 lakh (24.77 billion) dollars.

On the other hand, the price of dollar has decreased in the open market and exchange houses. On September 1, dollars are being sold in the exchanges at 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 inter bank has a price of 95 taka (central bank website).

Officials of the central bank say that the government is providing various assistance to send remittances to expatriates. As a result they are sending more money than before. For this reason, after the first month (July) of the financial year, the second month of the record amount of remittances came.

The Prime Minister will inaugurate Bekutia Bridge on September 4

The article is in Bengali

Tags: amount remittances decreased August

PREV Finally, Russia has started the exercise discussed with China
NEXT The movement cannot be suppressed by killing