BSS
  19 Sep 2022, 19:28

Bangladesh receives over $1b remittance in 15 days

DHAKA, Sept 19, 2022 (BSS) – Expatriate Bangladeshis 
sent over US$ 1 billion remittances during the first fifteen 
days of September in the fiscal 2021-22.

The country received around $1.009 billion remittances 
during the first 15 days of the last month in the fiscal.

Bankers expected that the remittance inflow is likely to 
cross $2.0 billion in September.

Bangladesh received remittances of $2.09 billion in July 
and $2.03 billion in August, which became a blessing 
amidst the forex crisis.

Bangladesh Bank (BB) Executive Director and 
Spokesperson Md Serajul Islam said that the central bank 
has simplified various processes to attract more 
remittances through banking channels.

“The government has taken measures, including cash 
incentive, to streamline the legal channel for encouraging 
non-resident Bangladeshis (NRBs) to send money to the 
country,” he added. 

Bangladesh’s inward remittance flow will grow more as 
manpower export hit a new high in the past fiscal on a 
post-pandemic rebound of the overseas job market, 
observed sector insiders.

The data of the Bureau of Manpower Employment and 
Training (BMET) showed over 0.98 million workers had 
gone abroad in the fiscal year FY22 while this figure was 
0.27 million in FY 21.