BD receives $425m in remittances in 5 days

Dhaka: The country has been witnessing an upsurge in remittance inflow after the fall of AL govt. Expatriates sent $425 million in just the first five days of October. The central bank provided the latest data to the media on Sunday (Oct 7).

During the last month, Bangladesh saw $2.40 billion remittance inflow, which was the third highest monthly inflow recorded in recent years.

Bangladesh had seen the highest remittance inflow of $2.53 billion back in June. However, after the quota reform movement began in July, a remittance shutdown programme spread through the social media to create pressure on the Hasina government.

After the interim government led by Dr Muhammad Yunus assumed power following Hasina’s resignation and escape to India, the expatriates reacted positively and began sending more remittance through legal channels.

Experts believe that as the country is witnessing a new political environment, remittance income in Bangladesh is expected to increase further in the coming days.

The incumbent government has also sought more remittance from the expatriates. On August 25, Chief Advisor Muhammad Yunus raised this point in his speech to the nation.

He had said, “My appeal to all those who are abroad, please remit your earned money through official channels to the country. This money is especially needed to overcome the country's economic crisis.

“We will discuss with expatriates how to more easily and smoothly send remittance through the official channel.”

-B