Remittance inflow to B'desh $799.6mn in 18 days of Oct '13

Remittance inflow to B’desh $799.6mn in 18 days of Oct ‘13


The inward remittance flow to the country during the first 18 days of the current month showed an encouraging sign, totaling US$ 799.60 million till October 18. The remittance inflow last month (September) totaled $ 1,020.38 million, according to the latest data provided by the Bangladesh Bank (BB). The central bank data showed that some $ 14,461.14 million came as remittance in the last fiscal year (2012-13). The BB data also showed that of the total remitted amount during the 18 days of the current month (October), the highest $ 548.77 million came through the private commercial banks. This was followed by $ 235.51 million through four state-owned commercial banks, $ 7.69 million through two specialised banks and $ 7.62 million through foreign commercial banks operating in Bangladesh. Analysing the BB data, it was found that the highest amount of $ 215.21 million came through Islami Bank Bangladesh Ltd, followed by $ 83.85 million through Agrani Bank, $ 81.17 million through Sonali Bank Ltd, $ 65.65 million through Janata Bank Ltd, $ 46.81 million through National Bank Ltd, $ 34.69 million through Brac Bank Ltd, and $ 24.50 million through Pubali Bank Ltd. Of the total $ 14,461.14 million remitted to Bangladesh during the last fiscal year (FY 13), $ 1005.77 million came in August 2013; $ 1238.49 million in July; $ 1058.24 million in June; $ 1,087.19 million in May; $1,194.40 million in April; $1,229.36 million in March; $1,163.18 million in February; $1,326.99 million in January this year while $1,287.31 in December 2012; $1,102.15 million in November; $1,453.69 million in October; $1,178.83 million in September; $1,178.65 million in August; and $1,201.15 million in July this year. Country’s remittance inflow totaled $12,843.43 million in the fiscal 2011-12 compared to $11,650.31 million in the previous fiscal (2010-11). According to Expatriates’ Welfare and Overseas Employment Minister Engr Khandaker Mosharraf Hossain’s statement in Parliament on February 3 this year, nearly 8.5 million Bangladeshi workers were employed in 157 countries across the globe. – UNB


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