Expatriate earnings expected to hit record in December

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Expatriate earnings expected to hit record in December

In the first 14 days of December, remittances worth 1.38 billion 13.6 million US dollars arrived in the country. In Bangladeshi currency, the amount is 16,576 billion taka (120 taka per dollar). The average daily remittance received is 98.7 million dollars or 1,184 million taka. If this trend of remittances continues, the sector concerned expects that the country’s expatriate income will touch a record three billion dollars in December.

This information was revealed from the updated report published by Bangladesh Bank on Sunday (December 15).

A review of the central bank’s data showed that of the remittances received in the first 14 days of December, 447.6 million dollars came through state-owned banks, 69.4 million dollars through a specialized bank, 860 million dollars came through private banks, and 388 million dollars came through foreign banks.

From December 8 to 14, 764 million dollars came through remittances. And in the first week of December, expatriates sent home $616.45 million.

Earlier, after $2.538.6 million in remittances in June, the first month of the current fiscal year, expatriate income came in at about $1.91 billion in July, which was the lowest income in the last 10 months. However, after the formation of the interim government, the situation began to normalize. In line with this, expatriates sent $2.221.32 million in remittances to the country in August.

In addition, the highest remittance of $2.447 billion in the current fiscal year came to the country in September. $2.395 billion came in October. And the last remittance of $2.199 billion in November.

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