Bangladesh has received USD 357.76 million in remittances in the first week of 2 October – 6 October, Bangladesh Bank, BB information shows.
Despite rising cash incentive to 2.5pc, from 2pc, in the current fiscal year (2022-23), the inward flow of remittance saw a fall in September. This trend remains so far in October.
Bangladeshi expatriates sent inward remittance of USD 1.54 billion in September, which is the lowest in the last 7 months.
After a decline in September, remittance is showing a slow pace in October as well. In the first six days of the current month, expatriate income or remittance worth USD 357.7 million came to Bangladesh, said a Bangladesh Bank authority.
Bangladesh is getting, so far, an average of USD 60 million remittances per day through banking channels. If this current trend goes on, USD 1.80 billion remittances will be received by the end of this month, the official added.
The fiscal year started with a growth trend in inward remittances while the country received USD 2.09 billion remittances in July and USD 2.03 billion in August. But it fell in September.
