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The Financial Express

Remittance inflow in April reaches $2.09b

| Updated: May 06, 2022 08:50:52


Remittance inflow in April reaches $2.09b

Bangladesh received $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year.

Bangladesh Bank (BB) published the updated information on Thursday (May 05), reports UNB.

According to the sector insiders, expatriates usually send more remittances to the country on the occasion of Eid festival.

In its continuation, the flow of remittances has increased since the beginning of Ramadan.

Besides, the government is now giving a 2.5 per cent incentive on remittances.

According to the BB, five state-owned commercial banks received $354.89 million in April, private commercial banks received remittances of $1612.74 million, foreign banks $7.35 and two specialized banks $34.51 million.

Bangladesh received $1.85 billion in remittances in March of the fiscal year 2021-22.

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