Home | Breaking News | Remittance hits $1.49 bn in May

Remittance hits $1.49 bn in May

WT24 Desk

The previous monthly highest was $1.5 billion recorded in July 2014.

In the first 11 months of the current fiscal year, Bangladesh has received $135.75 billion, which is 6.3 percent higher than the last full fiscal year, according to the latest data from Bangladesh Bank.

Finance Minister Abul Maal Abdul Muhith has said like every year, expatriates are sending more remittances ahead of the Eid.

He believes this trend will continue right through to the festival.

“We expect that the remittance inflow will exceed $15 billion by the end of this fiscal year,” he said.

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