News Details

Expats send $ 1.19b home in July


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Ahead of the Muslim’s biggest festival Eid-ul-Fitre, expatriates of the country have sent home around US$ 1.19 billion as wage earnings in the first month of the current fiscal year 2012-13. According to the provisional data released by Bangladesh Bank (BB) on Wednesday, the country has received total of $ 1,193.77 million wage earner’s remittance at the end of July, making it the largest remittance inflow in a single month during the last five months.
The BB provisional figure also shows that the wage earner’s remittance inflow in July 2012 was about 18 per cent higher than the remittance ($ 1,015.58 million) of the corresponding month of the previous fiscal 2011-12.
The remittance inflow of July was also swelled by 11.48 per cent compared to the inflow of $ 1,070.86 million in June. Analyzing the BB data, it has been found that the inward remittance in January 2012 marked a record of $ 1,221.41 million for the first time in Bangladesh. And after that month, the country has recorded second highest wage earner’s remittance of $ 1,193.77 million in July 2012.
Out of total amount, $ 331.81 million came through the state owned four commercial banks---Sonali Bank $ 115.54 million, Agrani Bank $ 115.81 million, Janata Bank $ 90.05 million and Rupali Bank $ 10.41 million respectively.
The expatriates sent home $ 12.57 million wage earnings through the specialised Bangladesh Krishi Bank.
Besides, the country’s 30 private commercial banks deposited total of $ 829.79 million inward remittance in July, while the Islami Bank Bangladesh Ltd. collected the highest wage earner’s remittance of $329.99 million among the country’s commercial banks.
And, the rest $ 19.60 million remittance inflow of July came through the country’s nine private foreign commercial banks

[ Business ] 2012-08-09