Surprising remittance flow in September too

Remittance inflow giving hope to the strained economy. In continuation of the last two months, this month's remittance flow is also surprising. In the first 15 days of this month, expatriate income or remittances have reached 1008.67 million dollars. If the current trend continues, the amount of expatriate income will exceed 200 million dollars at the end of the month.

This figure was found in a report of the Statistics Department of the Central Bank.

In the first 15 days of September, remittances through five state-owned commercial banks reached 140.5 million US dollars. Remittances through private banks reached 848.3 million US dollars. 3.4 million US dollars came through foreign banks and 16.4 million US dollars came through a specialized bank.

In recent times the largest number of remittances came through Islamic bank. Expatriates sent 220 million dollars through this bank. After that, 99.7 million dollars came through City Bank, 73 million dollars through Al-Arafah Islami Bank, 62.3 million dollars through Agrani Bank and 52.1 million dollars through Dutch-Bangla Bank and 55.8 million dollars came through Pubali Bank.

Meanwhile, the benefits of various concessions and discounts to increase the flow of remittances are already being seen. Expatriates have sent remittances of more than 2 billion dollars in legal channels for two consecutive months of the current financial year. Remittances of 203 crore 78 lakh (2.03 billion) dollars have arrived in the last month (August). In the month of July remittance of 209 crore 63 lakhs came to the country. A large amount of expatriate income came to the country due to Eid-ul-Azha in July.