Inward remittance flow reaches $2.02b in March

Inward remittance flow to Bangladesh witnessed a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenbacks worth around $2.02 billion to their near and dear ones centring the upcoming holy Eid-ul-Fitr.

Expatriates sent home $2.02 billion last month, the highest since September last year, when $1.53 billion flew into the country, data from the Bangladesh Bank showed.

The last month's receipts were nearly 29.3 per cent higher than February's $1.56 billion and 8.5 per cent higher from $1.85 billion recorded in March last year.

A central bank official told the national news agency that remittances usually go up before the holy Eid-ul-Fitr, which will be celebrated in this month.

The official also said that the latest inflow of remittances would certainly help both the central bank and the government manage the macroeconomic situation.