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Bangladesh's remittance reaches nearly 9 bln USD in July-October

0 Comment(s)Print E-mail Xinhua, November 4, 2024
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DHAKA, Nov. 4 (Xinhua) -- Remittances from millions of Bangladeshis living and working overseas totaled nearly 9 billion U.S. dollars in the July-October period, central bank data showed on Sunday.

According to the data, the inflow of remittances from Bangladeshis increased by more than 30 percent year on year to 8.94 billion dollars in July-October of 2024-25 fiscal year.

The data shows that remittance, one of the key sources of foreign exchange for the impoverished nation, surged over 21 percent year-on-year to 2,395.08 million dollars in October.

The remittance was 2,404.11 million dollars in September. Bangladesh's remittances grew 10 percent year-on-year to 23.91 billion dollars in fiscal 2023-24, with the receipts last June standing at 2.54 billion dollars.

Remittance mainly comes from Middle Eastern countries, such as the United Arab Emirates, Saudi Arabia and Kuwait. Enditem

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