Remittance witnesses 40.10pc growth in 11 months

Published : 01 Jun 2021, 18:56

BSS

Expatriate Bangladeshis sent US$22.75 billion in remittance during the first 11 months of the current fiscal 2020- 21, which is apparently 40.10 percent higher than the same period of the preceding year, according to the finance ministry.

The country received $16.23 billion in remittance from July to May in the 2019-20 financial year.

Meanwhile, in May, the remittance was $2.07 billion which was $1.36 billion in the same period of the previous fiscal year.

The robust inward remittances have boosted the country’s foreign exchange reserves, taking it to $44.96 billion by 30 May.

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