Remittance rises 32% in May
$2.25 billion remittance came in May this year, up from last year same month's $1.7 billion
$2.25 billion remittance came in May this year, up from last year same month's $1.7 billion
Remittance inflow to Bangladesh rose 32.35 percent year-on-year to $2.25 billion in May this year as the country's migrant workers send more money home ahead of Eid-ul-Azha.
The remittance receipts were $1.7 billion in the same period last year, according to the Bangladesh Bank data.
For all latest news, follow The Daily Star's Google News channel. May 2024's receipts were also 10.29 percent higher than April this year.
In March, $2.04 billion entered Bangladesh as remittance, central bank data showed.
Industry insiders said remittance inflow increase ahead of Eid-ul-Azha as the country's migrant workers typically send more money home ahead of the major religious festival for Muslims.
More to follow…
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