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VOL 23 NO 55 REGD NO DA 1589 | Dhaka, Tuesday, January 5 2016
Posted : 05 Jan, 2016 21:07:04 AA-A+
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$7.5b remittance flows into BD from Jul to Dec
$7.5b remittance flows into BD from Jul to Dec




Expatriate Bangladeshis have remitted around $7.5 billion in the first six months of the current fiscal, a little less than what they did in the same period in the previous financial year.

But, the remittance Bangladesh received in December is higher than what it had in the same month of the previous year.

The remittance received in that month was $1.31 billion, 2.57 per cent more than December, 2014.

According to Bangladesh Bank updates, the country received $7.483 billion from July to December in 2015.

The amount was lower by 0.6 per cent than the same period in the 2014-15 fiscal year.

Bangladesh Bank’s Forex Reserve and Treasury Management Department General Manager Kazi Saidur Rahman hopes the total remittance in the 2015-16 fiscal year will be $16 billion.

The amount was $15.32 billion in 2014-15, and $14.23 billion in 2013-14.

The reserves of foreign exchange have also risen on positive trend in export earnings and remittance.

It was $27.47 billion by the end of Monday, the highest in Bangladesh’s history.

Export earnings rose by 6.71 per cent in July-November period of 2015-16 than the same period the previous fiscal, according to a news agency.

Cleared by nilufer

 

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