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Remittance inflow increases by 12.6% in August

Expatriate Bangladeshis sent $2.04 billion remittances in August, which was 12.6% higher than the corresponding month of the previous year.

Wage earners had sent $1.81 billion remittance to the country in the same month last year.

The country received $2.10 billion from the migrants overseas in July, which was the highest in the last two years.

July remittance inflow registered a 17.56% growth compared to the corresponding month last year.

In August, six state-owned commercial banks – Agrani, Janata, Rupali, Sonali, Basic and BDBL – received $363.49 million while one state-owned specialized bank- Bangladesh Krishi Bank- received $24.26 million.

Of the state-owned banks, Agrani Bank received $132.37 million, Janata Bank $50.17 million, Rupali Bank $100 million, Sonali Bank $80.55 million and Basic Bank received $0.40 million.

Besides, the expatriates sent $1.64 billion through private commercial banks.

(DT)

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