Bangladesh receives $1.12 billion remittances in JulyStaff Writer | August 14, 2017
Millions of Bangladeshis, living and working abroad, remitted home $1.12 billion in July, the first month of the current 2017-18 fiscal year (July 2017-June 2018).
Asia The Bangladesh Bank
The inflow of remittances would likely rise further this month as non-resident Bangladeshis will send home more money for their relatives to celebrate Eid-ul-Azha, one of the largest Muslim festivals, which is expected to take place on Sept. 1 this year.
The amount of remittance from about 10 million Bangladeshis in the last fiscal year spanning from July 2016 to June 2017, stood at $13 billion, over 10 percent higher than the same period a year ago, the official said. ■