BD receives $1.64b remittances in 21 days of July

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Business Desk :
Bangladesh received US$1.643 billion inward remittance till July 21, thanks to Eid-ul-Azha when Bangladeshi migrants sent more money to families to celebrate one of the biggest festivals for Muslims, according to data from Bangladesh Bank.
It means, on average, the expatriates sent $78.22 million in remittance into the country during July 01-21, the opening month of the fiscal year 2022-23.
In June, the last month of the fiscal year, the expatriates sent home $1.83 billion in remittance through the banking channel, reports UNB citing BB figures on Monday.
Bangladesh received the highest $24.77 billion remittance in FY21, amid global travel restrictions amid Covid-19 pandemic.
In FY22 remittance income fell to $21.03 billion following the lifting of travel restrictions and sending of money through unofficial channels, people involved with the issue said.

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