Bangladesh's Remittance Reaches Over $4 Billion In July-August
(MENAFN- IANS) Dhaka, Sep 2 (IANS) Bangladeshis living and working abroad remitted back more than $4 billion in the July-August period, the data from the Bangladesh bank has shown.
Remittance, one of the key sources of foreign exchange for the nation, surged 39 per cent year-on-year to $2.22 billion in August, Xinhua news agency reported, citing the central bank's data.
It was $1.91 billion in July.
Bangladesh's remittance mainly comes from Middle East countries, such as the United Arab Emirates, Saudi Arabia and Kuwait.
The eventual spike, according to Dhaka Tribune, is a result of renewed vigour in the form of the new government which inspired expatriates to remit money back home.
MENAFN01092024000231011071ID1108624498
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.