Migrant workers sent home $1.93 billion in November this year, which was $1.59 billion in the same month last year.

The central bank sits with top 10 foreign exchange houses

Migrant workers sent home $1.98 billion in October, a four-month high, as banks stepped up efforts to woo more remittance buoyed by a relaxed central bank rule on incentive, a development that is expected to give some relief to a country reeling under the foreign exchange crisis.

Migrant workers sent home $1.98 billion in October

$1.34 billion came in September, lowest since April of 2020

Clearly, the major economic challenges facing Bangladesh are results of inadequate and incorrect policies.

Time to rethink our fixed exchange rate policy.

It came down to $1.59 billion from last year August's $2.03 billion

Remittance inflow to Bangladesh fell 5.86 percent year-on-year to $1.97 billion in July, central bank data showed today.

Government must build an effective mechanism to support its policy

Foreigners working in Bangladesh sent home $137 million in 2022, World Bank data showed although analysts believe the exact figure would be much higher since many people from other nations are employed in the country without valid permits.

Remittance flows to Bangladesh rose to a three-month high in June as expatriates sent home $1.79 billion in the first 23 days of the month to help their families celebrate Eid-ul-Azha.

Thanks to higher inflow of remittances for Eid-ul-Azha

The allocation for subsidies in agriculture, food, and power will be raised considerably in the next budget, with an aim to ease inflationary pressure on people.

Islami Bank Bangladesh Ltd (IBBL) retained its top spot as the biggest remittance collector as it brought home the highest amount of funds sent home by migrant workers in January-March of 2023, official figures showed.

Migrant workers sent home $1.68 billion in October

The amount is a seven-month high

Take concrete steps to address loopholes in the system

However, February's remittance of $1.56 billion was 20.3 per cent lower than the previous month's $1.95 billion

According to the Guidelines for Foreign Exchange Transactions 2018, a declaration is not required against inward remittances up to $10,000 or its equivalent.