Bangladesh Receives $957m Remittance in 15 Days

Expatriate Bangladeshis sent nearly $ 957 million remittances during the first fifteen days of January in fiscal 2019-20.

The country received around $843 million remittances during the first 15 days of the last month in the fiscal.

"The flow of remittances into the country shows the upward trend in the current fiscal year 2019-20 as the government took measures to streamline the legal mechanism for encouraging non-resident Bangladeshis (NRBs) to send money to the country, including two per cent cash incentive," central bank spokesman 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 the BB data, the nation earned $1687.15 million in December, $1,555.23 million in November, $1,641.67 million in October, $1,476.91 million in September, $1,444.75 million in August and $1,597.69 million in July of fiscal year 2019-20.

But in 2018-19, the country got $1,206.91 million in December, $1,180.44 million in November, $1,239.11 million in October, $1,139.11 million in September, $1,411.05 million in August and $1,318.18 million in July.