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The country's inward remittance flow increased by nearly 24.50 per cent in March after a significant fall in February.
Expatriate Bangladeshis sent home about US$ 1.86 billion in March 2022, compared to that of over $ 1.49 billion in the previous month, according to the Bangladesh Bank (BB) data.
The remittance inflow hit 21-month low in February, official figures revealed.
Banking sources attributed such a hefty growth in the inward remittance flow to sending increased amount of money by Bangladeshis staying abroad to their near and dear ones ahead of the holy month of Ramadan.
Besides, the government's prevailing incentives lured many expatriates to remit their money through formal channel, which helped to increase the overall inward remittance.
The banking sources also predicted further increase in the country's remittance inflow in the days ahead, especially ahead of the holy Eid-ul-Fitr.