Remittances of Tk 13 Thousand Crore Received in 25 Days

On the 25th of August, the expatriates sent remittances of $155 crore (1.55 billion). In Bangladeshi currency (tk 85.20 per dollar) which is more than tk 13 thousand 210 crore. Central bank officials expect remittances to reach $1.9 billion by the end of the month if the current trend continues.

The concerned authority says remittances from the informal sector to legal channels have increased due to the government's cash incentives and control of foreign travel amid Covid-19 outbreak. As a result, remittance inflows are positive even in the Corona pandemic.

The banks were remained closed on August 1. Therefore, remittances have been calculated from August 2.

According to the latest data from the central bank, remittances from five state-owned commercial banks reached $330 million between August 2 and 26. Remittances through private banks came to US $118.60 crore. $6.9 million came through foreign banks. One of the two specialized banks received $27.4 million.