Remittances have increased by 43 percent during four months of Covid-19 phase
Dhaka, November 2: Despite the coronavirus pandemic, the positive trend of remittances sent by expatriate Bangladeshis continues. Expatriates sent remittances of USD 2.112 billion in the recently concluded October. This information was revealed by Bangladesh Bank on Sunday (November 1).
According to the central bank, remittances sent by expatriates in the fourth month of the fiscal year were USD 2.112 billion in October.
In Bangladeshi currency, the amount has exceeded Tk 17,740 crore (84 BDT per USD).
As a single month which is the third highest remittance collection in the history of Bangladesh.
Earlier, the highest record remittance came in July this year. Remittances in that month came to USD 2.599 billion. The second highest remittance of USD 2.151 nillion was sent in September this year.
Remittances sent in October this year is 470 million or 28.62 percent more than the same period last year. In October last year, remittances sent by expatriates amounted to USD 1.642 billion.
In the first four months of the fiscal year 2020-21 (July-October), remittances reached USD 8.825 billion.
During the same period of the last financial year, remittances stood at USD 6.161 billion. As such, the growth of expatriate income in the first four months of the current financial year stood at 43.24 percent.
According to the central bank, in the fiscal year 2019-20, the expatriates sent a total amount of USD 18.204 billion to the country. In BDT, it stands at Tk 1,54,742 crore.
Never before has so much money come to the country. In the financial year 2018-19, a record number of remittances were collected in the country.