Economic Reporter :
The remittance inflow in Bangladesh experienced a slight growth by 2.47 per cent to $15.31 billion in the just-concluded year of 2015 compared to $14.94 billion in 2014.
The rise is attributed to the fall in currency and oil prices in global market.
The country witnessed 2.47% remittance growth last year compared to 8% in the previous year, according to the Bangladesh Bank data released yesterday.
The remitter sent $1.30 billion in the last month of 2015 which was 2.56% higher from $1.27 billion in the same month of previous year.
Bangladesh Bank projected 10% growth in the fiscal year 2016 in its monetary policy for July-December 2015.
But the remittance inflow showed negative growth in the first half of the fiscal year 2016.
The remittance posted slightly negative growth of 0.06% during July-December of fiscal year 2015-16, reaching $7.482 billion compared to $7.487 billion in the same period of the previous fiscal year.
The trend of inward remittance was slower last year due to stronger local currency against dollar when currencies are tumbling in the Asia region, said a senior executive of Bangladesh Bank.
Fall in oil prices have negative impact on remittance inflow from the gulf countries, he said.
The remittance inflow in Bangladesh experienced a slight growth by 2.47 per cent to $15.31 billion in the just-concluded year of 2015 compared to $14.94 billion in 2014.
The rise is attributed to the fall in currency and oil prices in global market.
The country witnessed 2.47% remittance growth last year compared to 8% in the previous year, according to the Bangladesh Bank data released yesterday.
The remitter sent $1.30 billion in the last month of 2015 which was 2.56% higher from $1.27 billion in the same month of previous year.
Bangladesh Bank projected 10% growth in the fiscal year 2016 in its monetary policy for July-December 2015.
But the remittance inflow showed negative growth in the first half of the fiscal year 2016.
The remittance posted slightly negative growth of 0.06% during July-December of fiscal year 2015-16, reaching $7.482 billion compared to $7.487 billion in the same period of the previous fiscal year.
The trend of inward remittance was slower last year due to stronger local currency against dollar when currencies are tumbling in the Asia region, said a senior executive of Bangladesh Bank.
Fall in oil prices have negative impact on remittance inflow from the gulf countries, he said.
