Bangladesh Receives $1.96bn Remittance in August

Expatriate Bangladeshis sent around US$1,963.94 million remittance during the month of August in fiscal year2020-21.

According to the latest data of Bangladesh Bank (BB), this is the second-highest remittance flow in the country's history.

Earlier, the monthly inflow of remittance hit an all-time high in July this year, which was $2,598.21 million.

In August of the current fiscal year, 6 state-owned commercial banks -Agrani, Janata, Rupali, Sonali, Basic and BDBL — received $574.17 million while one state-owned specialized bank- Bangladesh Krishi Bank received $27.27 million.

Off the state-owned banks, Agrani Bank received $327.69 million, Janata Bank $74.74 million, Rupali Bank $65.70 million, Sonali Bank $105.92 million and Basic Bank received $0.12 million.

Besides, the expatriates have sent $1,354.59 million through private commercial banks. Among them, Islami Bank Bangladesh Limited (IBBL) received the highest amount of $598.60 million whereas Dutch- Bangla Bank (DBBL) received $98.90 million.

On the other hand, the expatriates have sent $7.91 million through foreign commercial banks.

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