Remittance inflow up by over 9% in July-January

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Bangla Tribune Desk
Published : 02:00, Feb 12, 2019 | Updated : 02:00, Feb 12, 2019

Expatriates have sent $ 9,086.17 million remittances in the seven months of the, up by 9.31 percent than the same period of the preceding year.
Bangladesh received $8,312.02 million remittances during July to January in 2017-18 financial year.
“The flow of remittances into the country shows upward trend in the current fiscal 2018-19 as the BB has taken measures to streamline the legal channel for encouraging Non Resident Bangladeshis (NRBs) to send money to the country,” Bangladesh Bank spokesperson M Serajul Islam told BSS.
He said the recent flow of remittance indicates that it is gradually increasing and this trend is likely to continue in the upcoming months.
According to official figures, the country received $1,590.82 million in January, $1,206.91 million in December, $1,180.44 million in November, $1,239.11 million in October, $1,139.66 million in September, $1,411.05 million in August and $1,318.18 million in July of the fiscal 2018-19.
But in 2017-18, the country got $1,379.79 million in January, $1,163.82 million in December, $1,214.75 million in November, $1,162.77 million in October, $856.87 million in September, $1,418.58 million in August and $1,115.57 million in July.
In January this fiscal, six state-owned commercial banks — Agrani, Janata, Rupali, Sonali, Basic and BDBL — received $346.35 million while one state- owned specialised bank- Bangladesh Krishi Bank- received $17.40 million.
Of the state-owned banks, Agrani Bank received $139.62 million, Janata Bank $72.39 million, Rupali Bank $18.92 million, Sonali Bank $115.25 million and Basic Bank received $0.17 million.
Besides, the expatriates have sent $1,215.84 million through private commercial banks. Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) received the highest amount of $277.01 million where as Dutch-Bangla Bank (DBBL) received $131.24 million.
On the other hand, the expatriates have sent $11.23 million through the foreign commercial banks.
More than half of Bangladesh’s remittances come from expatriates in six Middle-eastern countries — Saudi Arabia, the UAE, Qatar, Oman, Kuwait and Bahrain.

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