Bangladesh receives record $1.95b remittance in May

Published: June 03, 2019 20:04:32 | Updated: June 14, 2019 12:12:08

Expatriate Bangladeshis have sent a record amount of remittance in May ahead of the Eid-ul-Fitr.

They sent $1.95 billion in inward remittances to Bangladesh, a new monthly record, according to the central bank, reports bdnews24.com.

The previous record was set in January of this year, when the country raked in $1.59 billion in remittances.

“The inflow of remittances was good as it was. However, with Ramadan and Eid in mind, they (migrant Bangladeshis) are sending in more money for their loved ones. The amount of remittances has grown as a result,” Bangladesh Bank spokesman Sirajul Islam said.

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