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Bangladesh sees robust rise in September remittances

DHAKA, Oct. 2 (Xinhua) — Bangladeshi people living and working abroad remitted home more than 6 billion U.S. dollars in the first quarter of the current 2024-25 fiscal year beginning July, the latest central bank data showed.
According to the Bangladesh Bank (BB), the flow of inward remittances in the first three months of the current fiscal year was estimated at some 6.54 billion dollars, up from 4.91 billion dollars in the same period of the previous fiscal year.
After the amount of remittances hit 1.91 billion dollars in July and 2.22 billion dollars in August, respectively, the figure of last month stood at 2.40 billion dollars, up over 80 percent from a year earlier, the BB data showed.
Bangladesh’s remittances grew 10 percent year-on-year to 23.9 billion dollars in fiscal 2023-24, with the receipts last June standing at 2.54 billion dollars.
The remittances mostly came from the Middle Eastern countries of Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar and Bahrain. ■

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