The positive trend in remittances has continued. In the just-concluded February, expatriates sent ৭৮ 160 million in income. In the same month last year, expatriates sent ৫ 1.45 billion. As a result, income has increased by about 23 percent compared to the same period last year.

Meanwhile, the central bank's foreign exchange reserves have increased by ৪ 4,412 crore due to expatriate income. This information has been obtained from the updated report of the Central Bank.



It is learned that last January, the expatriates sent an income of 198 crore dollars, which is about 16 thousand 70 crore rupees in Bangladeshi currency (75 rupees per dollar exchange rate). At the same time last year, expatriates sent ৬ 174 crore or Rs 13,940 crore. Compared to January last year, remittance or expatriate income has increased by Tk 2,620 crore in the same month. And in February, the expatriate income came to 15 thousand 130 million dollars.

According to the Bangladesh Bank, in the six months from July to February of the current fiscal year 2020-21, the expatriates have sent a total of ৬৬৮ 1,060 million. In the same period of the previous financial year, the income came to 1 thousand 249 crore dollars.

Bank officials say the flow of remittances to coronaviruses has increased significantly. Because, communication has become limited, money coming into the country through illegal means has almost stopped. In many countries where Bangladeshis live, special allowances are being given because of corona.

Except for the months of April and May last year, there has been a good income from the export of goods. At this time, the import cost has decreased considerably. Due to this, new records are being set in the reserve.

#reference: ProthomAlo