The Financial Express
Swasti Lankabangla Swasti Lankabangla

Bangladesh receives $1.96b remittance in August

| Updated: September 05, 2020 09:57:36

Bangladesh receives $1.96b remittance in August

Expatriate Bangladeshis remitted around $1.96 billion in the month of August in the fiscal 2020-21 which is the second highest in the country’s history, according to the latest data of Bangladesh Bank (BB).

Earlier, the monthly inflow of remittance hit an all-time high in July this year, which was $2.59 billion, reports BSS.

In August of this fiscal year, six state-owned commercial banks -Agrani, Janata, Rupali, Sonali, Basic and BDBL — received $574.17 million while one state- owned specialised bank- Bangladesh Krishi Bank received $27.27 million.

Among the state-owned banks, Agrani Bank received $327.69 million, Janata Bank $74.74 million, Rupali Bank $65.70 million, Sonali Bank $105.92 million and Basic Bank received $0.12 million.

Besides, the expatriates have sent $1.35 billion through private commercial banks. Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received the highest amount of $598.60 million whereas Dutch- Bangla Bank (DBBL) received $98.90 million.

On the other hand, the expatriates have sent $7.91 million through the foreign commercial banks.

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