In 28 days remittance left two billion dollars

Expressing distrust towards the newly departed government, the expatriates stopped sending remittances through legal channels. This suddenly reduced the flow of remittances. Remittances stopped coming. However, after the fall of the Sheikh Hasina government, the remittance flow started to increase again. As a result of this, in the first 28 days of this month of August, 207 crores (2.07 billion US dollars) of legal remittances have arrived in the country. In local currency (at 120 rupees per dollar) which amounts to more than 24 thousand 800 crore rupees.

This information was revealed by the relevant department of the central bank on Thursday. According to the data of the Central Bank, in the first 28 days of August, the remittances received in the country through legal channels amounted to 207 crores (2.07 billion dollars). Which is 640 million dollars more than the same period of the previous year (August-2023). In the first 28 days of August last year, remittances came in at $143 million.

Bangladesh Bank says that in the first month of the current fiscal year 2024-25, remittances of US$ 190 million came to the country in July. In addition, remittances in June reached 254 million 16 million US dollars. 225 million 38 million dollars came in May before that. In addition, expatriates sent remittances of 204 crore 42 lakhs in April, 199 crores 70 lakhs in March, 216 crores 45 lakhs in February and 211 crores 31 lakhs in January.

On the other hand, according to international standards (BPM6) last July 31, the country's foreign exchange reserves were 20.48 billion dollars. Even on August 21, it remains the same. However, on August 28, it increased slightly to 20.59 billion.

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