Home Business Remittances drop by 2.40pc in a month

Remittances drop by 2.40pc in a month

Dhaka, Dec 03: The remittance inflow has dropped by 2.40% in November, amounting to $1.93 billion, from the previous month when expatriate Bangladeshis sent $1.97 billion to the country.

However, November’s earning is 21% higher compared to the corresponding period last year.

In October, the country received the highest amount of remittance in four months, as the dollar strengthened and the government offered incentives to boost remittances.

As per the central bank, expatriates sent $643 million more remittances in October than in September, a 48.2% increase.

Remittance inflow hit a 41-month low at $1.33 billion in September.

As the year draws to a close, Bangladesh celebrates a remarkable achievement in the realm of foreign employment, breaking all previous records.

According to data from the Bureau of Manpower, Employment, and Training (BMET), the country has sent a staggering 1.204 million workers abroad until November 29 this year, surpassing last year’s figure of 1.135 million workers.

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