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Remittances witness growth

Dhaka, January 23: Remittances from expatriates, one of the main sources of demand for dollars, have suffered. As a result, the pressure on the foreign exchange reserves is gradually decreasing. According to the data of Bangladesh Bank, after last December, the flow of remittances sent by expatriates has increased in the current month of January.

Expatriate income on positive trend at the beginning of new year

Dhaka, January 10: In the first two months (July and August) of the current fiscal year 2022-2023, two billion dollars of remittances came to the country. For the next four months, that target was not reached. However, expatriate income is on a positive trend at the beginning of the new year.

November records highest remittances in three months

Dhaka, December 3: Finally, remittances sent by expatriates have come out of the downward trend. According to the data of Bangladesh Bank, the remittance flow increased slightly in the recently concluded November month. 159.47 million USD remittances came in November, which is the highest in the last three months. This picture emerged in the updated report of Bangladesh Bank on Thursday (December 1).

No charge required to send remittance

Own Correspondent, Dhaka, Nov 7: From now on the banks will not take any kind of 'charge' on remittance. Besides, the foreign exchange houses will be open even on weekends to facilitate sending remittances. This decision is effective from today (November 7).

Remittance inflow further falls in October

Own Correspondent, Dhaka, Nov 2: In the first two months (July and August) of the current (2022-23) financial year, remittances reached 2 billion dollars in a row. In the following month, September, it decreased to USD 153 crore 95 lakh or 1.54 billion dollars. This trend of remittances is further downward in the recent month of October.

Expatriate income slowing down as country receives $350 million in six days

Dhaka, October 11: Incentives to increase remittance flows have been increased from two percent to two and a half percent. However, the speed did not increase much. Expatriate Bangladeshis sent USD 1.54 billion to the country in September. This figure was the lowest in the last seven months.

Banks will buy remittance dollars for Tk 108

Own Correspondent, Dhaka, Sept 12: The commercial banks have determined the maximum dollar price for the import, export, and remittance of the banks. From now on, if expatriates send remittances through banking channels in the country, the bank will pay a maximum of Tk 108 per dollar. If government incentives of Tk 2.50 are added, it will be Tk 110.50.

Remittances crosses 2 billion dollars in August as well

Dhaka, September 2: The benefits of various concessions and benefits given by the government to increase expatriate income or remittance flow are coming together. In the first two months of the current financial year, expatriates have sent more than 2 billion dollars in remittances. In the recently concluded month of August, remittances of 203 crore 78 lakh (2.03 billion) US dollars have arrived. In local currency (at 95 taka per dollar) which amounts to 19 thousand 359 crore taka.

Tk 16,429 cr remittance received in first 25 days of August

Own Correspondent, Dhaka, August 29: Remittances have returned to a positive trend amid the dollar crisis. Mainly due to various benefits, legitimate channels are responding to expatriate income.

Highest USD 209 Cr remittance received in July

Own Correspondent, Dhaka, August 2: Expatriate Bangladeshis sent USD 209.69 crore in remittances in July. As per the current exchange rate of the dollar, the amount of this remittance is about Tk 20,000 crore in Bangladeshi currency. This information has been known from the latest report of Bangladesh Bank regarding remittance published on Monday (August 1).

More than Tk 5,000 cr remittances received in 5 days before Eid

Own Correspondent, Dhaka, July 7: Eid-ul-Azha, one of the major religious festivals of Muslims, will be celebrated in the country in next two days. Expatriate Bangladeshis are sending more and more money to their relatives to celebrate Eid. As a result, huge amount of remittances is coming to the country centering on Eid festival.

Expatriate remittances declined in May

Own Correspondent, Dhaka, June 2: The remittance inflow has suddenly declined. Expatriates sent USD 188 crore 54 lakh in remittances in May. This figure is USD 12.55 crore less than the previous month and USD 28.57 crore less than the same period last year.

USD 2 billion remittance received in April

Own Correspondent, Dhaka, May 6: Expatriate Bangladeshis have sent remittances of more than USD 2 billion, or 200 crore 95 lakh dollars in April, which is Tk 17,362 crore in Bangladeshi currency (calculating 1 USD= Tk 86.40). As a single month, this is the highest remittance inflow recorded in the last 11 months. This information has been revealed in the latest report of Bangladesh Bank.

Tk 12,000 cr remittance received in 21 days before Eid

Own Correspondent, Dhaka, April 25: Expatriate Bangladeshis have sent record remittances centering on the upcoming holy Eid-ul-Fitr. In the last 21 days, Bangladeshis living in different parts of the world have sent more than Tk 12,000 crore to meet the additional expenses of their families on Eid.

Bangladesh sees growth in remittance inflow in January

Own Correspondent, Dhaka, February 2: In January, the first month of the new year, expatriate Bangladeshis sent $170 crore or $1.70 billion in foreign exchange or remittances to the country. In Bangladeshi currency, the amount is Rs 14,620 crore (calculating 1 USD= Rs 86), which is more than Rs 600 crore compared to the previous month, December.