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Remittances exceed USD 12.5bn
Remittances exceed Tk 12.5bn | Business | bdnews24.com
Tue, Jun 26th, 2012 12:32 am BdST
Dhaka, Jun 25 (bdnews24.com) Remittances from Bangladeshi wage earners abroad stood at over $12.5 billion eight days ahead of the current financial year's closure.
The figure is nearly $1 billion more than the last fiscal.
Expatriate Bangladeshis remitted $770 million during June 1-22, according to the statistics the Bangladesh Bank published on Monday.
Overall remittances surged to over $11.77 billion during the first 11 months of the current financial year (July 2011-May 2012), which stood at $12.55 billion on June 22.
The total remittance during the last financial year (2010-11) was $11.65 billion.
Central bank Governor Atiur Rahman has already predicted that remittance inflow would exceed $13 billion at the close of the current financial year.
"There has been a positive remittance inflow in the whole period during the current fiscal which also had a positive impact on the foreign currency reserves. Most of the time, the forex reserves stayed above $10.2 billion due to increased remittance inflow," he told bdnews24.com recently.
In January, Bangladeshis living abroad remitted over $1.22 billion, the highest in a month in the country's history.
Higher inflow of remittances has helped the foreign currency reserves firm up. On Monday, the reserves stood above $10.2 billion.
The reserves had dipped to $9.5 billion in the second week of May after Bangladesh made two months' import payments of $700 million to the Asian Clearing Union.
The growth rate of remittance inflow during the first 11 months of the fiscal is 10.51 percent.
bdnews24.com/arh/skb/nir/2345h
Remittances exceed Tk 12.5bn | Business | bdnews24.com
Tue, Jun 26th, 2012 12:32 am BdST
Dhaka, Jun 25 (bdnews24.com) Remittances from Bangladeshi wage earners abroad stood at over $12.5 billion eight days ahead of the current financial year's closure.
The figure is nearly $1 billion more than the last fiscal.
Expatriate Bangladeshis remitted $770 million during June 1-22, according to the statistics the Bangladesh Bank published on Monday.
Overall remittances surged to over $11.77 billion during the first 11 months of the current financial year (July 2011-May 2012), which stood at $12.55 billion on June 22.
The total remittance during the last financial year (2010-11) was $11.65 billion.
Central bank Governor Atiur Rahman has already predicted that remittance inflow would exceed $13 billion at the close of the current financial year.
"There has been a positive remittance inflow in the whole period during the current fiscal which also had a positive impact on the foreign currency reserves. Most of the time, the forex reserves stayed above $10.2 billion due to increased remittance inflow," he told bdnews24.com recently.
In January, Bangladeshis living abroad remitted over $1.22 billion, the highest in a month in the country's history.
Higher inflow of remittances has helped the foreign currency reserves firm up. On Monday, the reserves stood above $10.2 billion.
The reserves had dipped to $9.5 billion in the second week of May after Bangladesh made two months' import payments of $700 million to the Asian Clearing Union.
The growth rate of remittance inflow during the first 11 months of the fiscal is 10.51 percent.
bdnews24.com/arh/skb/nir/2345h
