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Bangladesh obtained USD USD 769.88 million in remittance in two weeks of October (2-13), Bangladesh Financial institution information revealed on Sunday.
Bangladeshi expatriates despatched inward remittance of USD 1.54 billion in September – the bottom in final 7 months.
After a decline in September, remittances confirmed a gradual tempo in October as properly. In first two weeks of October, Bangladeshi expatriates despatched inward remittances of USD 769.88 million. It signifies that on the finish of this month, remittance circulate could possibly be USD 1.6 billion.
Regardless of growing the money incentives to 2.5 p.c, from 2 p.c, within the present fiscal yr (2022-23), inward circulate of remittance noticed a fall in September.
Bangladesh is receiving a mean of USD 59.22 million in remittance per day via banking channels.
The fiscal yr began with progress pattern of inward remittance whereas the nation obtained USD 2.09 billion remittance in July and USD 2.03 billion in August. However the pattern fell in September with the autumn of alternate fee of the greenback.
Monetary sector insiders imagine that expatriate employees prefers Hundi for inward remittance because the alternate fee of the US greenback is Tk 8 to 14 increased within the kerb market.
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