Sept remittance hits $ 843.32m–84332m.html

Sept remittance hits $ 843.32m
Author / Source : UNB

DHAKA, OCT 3: Bangladesh fetched $ 843.32 million in remittance in September this year compared to $ 837.71 million during the corresponding period last year. The remittance inflow, however, totalled $ 2960.69 million during July-September period of the current fiscal year, an increase of $ 301.74 million than the same period of the previous fiscal (2010-11), according to the latest provisional figures on inward remittance released by the Bangladesh Bank.

The central bank data showed that in this September, the highest amount of $ 565.058 million came through 27 private commercial banks while the 2nd highest $ 256.700 million through four state-owned commercial banks—Sonali, Agrani, Janata and Rupali.

Some $ 11.104 million came through two specialised banks—Bangladesh Krishi Bank and Basic Bank Ltd—while $ 10.457 million were channelled through nine foreign commercial banks operating in Bangladesh.  Bangladesh received $11650.31 million in remittance in fiscal 2010-11, showing a little growth of 6.3 per cent over the same period of the previous fiscal. It received $10987.4 million in remittance in fiscal 2009-10.

Bangladesh witnessed a steady growth in the remittance inflow over the last three decades with the expansion of overseas job markets for its nationals, especially in the Middle East countries.


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