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Bangladesh receives $1.12 billion remittances in July

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Staff 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).
Bangladesh workers
Asia   The Bangladesh Bank
The Bangladesh Bank (BB) official told Xinhua that "the flow of inward remittances surged about 11 percent year on year to $1,115.57 million in the last month."

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.