Bangladesh receives $1.05b in remittances in first 12 days of April

Bangladesh received remittances amounting to US$1.05 billion in the first 12 days of April, according to the latest data released by Bangladesh Bank.

This amount reflects a daily average remittance of $87.69 million sent by expatriates during the period, reports UNB.

While the flow remains significant, it marks a slight decline compared to the same timeframe in March, when the country recorded its highest remittance inflow in recent months.

In March, remittances totalled $3.29 billion, averaging $109.85 million per day.

Despite the dip, remittance continues to be a key source of foreign currency for the country’s economy, experts said.