Bangladesh received $11.95bn in 7 months
01 February 2022, 10:26 pm | Updated: 22 November 2024, 05:22 am
Remittance Magic, Bangladesh received USD $ 1704.45 million ($1000 million is equal to 1 billion) in remittances in January 2022, which is $73.79 million more than December, 2021.
The Bangladesh Bank (BB) released the latest remittance update of inward remittances sent by the non-residents Bangladeshis (NRBs) through different banks. The remittance inflow got momentum through the legal channel in January as the government raised the incentive from 0.50 percent to 2.5 percent, insiders said.
Some banks also provided an additional 1 percent to attract remittance through the particular banks.
Bangladesh received $24.77 billion in the last 2020-21 fiscal year through the banking channel as the transaction through it came down due to international flight operation halted for Covid-19 pandemic.
