Remitance grows 40 pc in fiscal

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 per cent higher than the same period of the preceding year.

The country received $16.23 billion in remittance during July to May in 2019-20 financial year, , according to finance ministry.

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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