Staff Reporter :
The remittance inflow in the country posted a negative growth by 2.04 per cent in the first quarter (July to September) of the current fiscal 2015-16.
The country received $3,930.86 million remittance during the first three months of the current fiscal which was $ 4011.11 million during the corresponding period of the last fiscal, according to the data of Foreign Exchange Policy Department (LDA) of Bangladesh Bank released on Thursday.
Remittance inflow continuously declines in every month of the ongoing fiscal. In July, country received $1389.56 million remittance which was $1492.47 million during the same period of the last fiscal.
On the other hand, country received $1195.02 and $1346.28 million in August and September respectively in the current fiscal. The amount was $1174.37 and 1344.27 million respectively in August and September of the last fiscal.
Actually, the remittance inflow usually rises during the time of two Eid as expatriates send more remittance from abroad.
Besides, the country’s commercial banks, acting on the central bank’s initiatives, have recently set up a number of drawing arrangements with the foreign exchange houses in a bid to increase the inflow of remittance.
The BB has recently given approvals to a number of banks for signing drawing arrangements with foreign exchange houses to boost the inward remittance.
The remittance inflow in the country posted a negative growth by 2.04 per cent in the first quarter (July to September) of the current fiscal 2015-16.
The country received $3,930.86 million remittance during the first three months of the current fiscal which was $ 4011.11 million during the corresponding period of the last fiscal, according to the data of Foreign Exchange Policy Department (LDA) of Bangladesh Bank released on Thursday.
Remittance inflow continuously declines in every month of the ongoing fiscal. In July, country received $1389.56 million remittance which was $1492.47 million during the same period of the last fiscal.
On the other hand, country received $1195.02 and $1346.28 million in August and September respectively in the current fiscal. The amount was $1174.37 and 1344.27 million respectively in August and September of the last fiscal.
Actually, the remittance inflow usually rises during the time of two Eid as expatriates send more remittance from abroad.
Besides, the country’s commercial banks, acting on the central bank’s initiatives, have recently set up a number of drawing arrangements with the foreign exchange houses in a bid to increase the inflow of remittance.
The BB has recently given approvals to a number of banks for signing drawing arrangements with foreign exchange houses to boost the inward remittance.
