ZCZC
BSS-24
REMITTANCE-INFLOW
Remittance inflow increases by 10.03pc in 8 months
DHAKA, March 4, 2019 (BSS) – Expatriate Bangladeshis sent US$ 10,410.29
million remittances during the first eight months of the current fiscal 2018-
19, which is apparently 10.03 percent or $949.06 million higher than the same
period of the preceding year, according to a Bangladesh Bank (BB) data.
The country received $9,461.23 million remittances during July to
February in the fiscal 2017-18, the data added.
“The flow of remittances into the country shows upward trend in the
current fiscal 2018-19 as the BB has taken measures to streamline the legal
channel for encouraging Non Resident Bangladeshis (NRBs) to send money to the
country,” BB Chief Spokesperson M Serajul Islam told BSS.
He said the recent flow of remittance indicates that it is gradually
increasing and this trend is likely to continue in the upcoming months.
According to the BB data, the country received $1,317.73 million in
February, $1,597.21 million in January, $1,206.91 million in December,
$1,180.44 million in November, $1,239.11 million in October, $1,139.66
million in September, $1,411.05 million in August and $1,318.18 million in
July of the fiscal 2018-19.
But in 2017-18, the country got $1,149.08 million in February, $1,379.79
million in January, $1,163.82 million in December, $1,214.75 million in
November, $1,162.77 million in October, $856.87 million in September,
$1,418.58 million in August and $1,115.57 million in July.
In February this fiscal, six state-owned commercial banks – Agrani,
Janata, Rupali, Sonali, Basic and BDBL – received $280.87 million while one
state- owned specialised bank- Bangladesh Krishi Bank- received $15.01
million.
Of the state-owned banks, Agrani Bank received $113.77 million, Janata
Bank $70.48 million, Rupali Bank $14.89 million, Sonali Bank $81.67 million
and Basic Bank received $0.06 million.
Besides, the expatriates have sent $1,011.07 million through private
commercial banks. Among the private commercial banks, Islami Bank Bangladesh
Limited (IBBL) received the highest amount of $206.78 million where as Dutch-
Bangla Bank (DBBL) received $140.90 million.
On the other hand, the expatriates have sent $10.78 million through the
foreign commercial banks.
IBBL Deputy Managing Director Abu Reza Mohd Yeahia said the inflow of
remittance is increasing day by day as the authorities concerned, including
banks, are accelerating their activities to bring back the remittances
through the legal channel.
“We are trying to make easier the process of legal channels to expedite
the remittance flow. We are signing agreements with different exchange houses
to bring the remittances in automated ways,” he added.
BSS/SPL/KUC/FI/ 1702 hrs