Bangladesh receives over 1b remittance in 15 days, Expatriate Bangladeshis sent over US$ 1 billion in remitt-ances during the first fifteen days of September in fiscal 2021-22.The country received around $1.009 billion in remitta-nces during the first 15 days of the last month in the fiscal.
Bangladesh receives over 1b remittance in 15 days
Bankers expected that the remitt-ance inflow is likely to cross $2.0 billion in September. Bangladesh received remitt-ances of $2.09 billion in July and $2.03 billion in August, which became a blessing amidst the forex crisis. Bangladesh Bank (BB) Executive Director and
Spokesperson Md Serajul Islam said that the central bank has simplified various processes to attract more remitt-ances through banking channels.
“The government has taken measures, including cash incentive, to streamline the legal channel for encouraging non-resident Bangladeshis (NRBs) to send money to the country,” he added. Bangladesh’s inward remittance flow will grow more as manpower export hit a new high in the past fiscal on a post-pandemic rebound of the overseas job market, observed sector insiders.
The data of the Bureau of Manpower Employment and Training (BMET) showed over 0.98 million workers had gone abroad in the fiscal year FY22 while this figure was 0.27 million in FY 21.