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Rising trend of inward remittance continues in April

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The upward trend of inward remittances continued in April following stable exchange of local currency against the US dollar, officials said.

The remittance inflow was estimated at $1.33 billion in April 2018, up by $27.41 million from that of the previous month. In March 2018, the amount stood at $1.30 billion. It was $1.09 billion in April 2017.

“We expect that the inflow of remittance may rise further in the coming months ahead of the Holy Ramadan,” a senior official of the Bangladesh Bank (BB) told the FE Thursday.

He also said the central bank has already strengthened its monitoring to keep the exchange of Bangladesh Taka (BDT) against the greenback stable. 

The inflow of overall remittance jumped by 17.51 per cent or $1.80 billion to $12.09 billion during the July-April period of the ongoing fiscal year (FY) 2017-18 from $10.29 billion in the same period of the previous fiscal, the BB data showed.

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