Remittance increases in March

Economic Correspondent: Remittance inflow to the country in March increased to $130.4 crore, an increase of about 20 percent compared to the same period a year earlier.

Bangladesh Bank came up with the latest data released on Monday.

In the first nine months (July-March) of the current fiscal year, expatriate Bangladeshis sent about $1,076.13 crore. The remittance growth has also boosted foreign reserves that rose 17 percent during the period, according to the latest data.

Analysts attributed the remittance growth to a hike in global fuel oil prices and fund transfer through legal channels.

Besides, the central bank’s various steps to encourage expatriates to remit funds through legal channels have played a vital role in the higher remittance inflow.


risingbd/Dhaka/April 2, 2018/Nasir/AI