Remittances from the United States of America (USA) to Bangladesh surged 11.65 percent or $164.35 million of the total inflow, $1411.05 million, in August this year.
“The remittance inflow from different countries, including USA, increased in August since Bangladesh Bank (BB) took some measures to streamline the legal channels for encouraging the non-resident Bangladeshis (NRBs) to send home money,” BB senior officials told Bangladesh Post.
According to available data of the central bank, Bangladesh received $1997.95 million from the USA in FY2017-18 and $1688.86 million in FY2016-17.
The data showed Bangladesh received $113.52 million in remittance from the Kuwait in August while $110.79 million from Malaysia.
In the same period, Bangladesh received remittances of $97.26 million from UK, $111.83 million from Oman, $86.76 million from Qatar, $61.54 million from Italy, $44.83 million from Bahrain, $31.26 million from Singapore, $10.97 million from South Africa, $13.83 million from France and $11.44 million from Lebanon.
The country got $12,769.45 million remittance in 2016-17 fiscal. In 2015-16 fiscal, the amount was $14,931.18 million while the Bangladeshi expatriates sent $15,316.91 million in 2014-15 fiscal.
BB senior officials said the flow of remittance indicates that it is gradually increasing and this trend is likely to continue in the 2018-19 fiscal. According to the BB data, the country received $1,381.55 million in June, $1,504.98 million in May, $1,331.33 million in April, $1,299.77 million in March, $1,149.08 million in February, $1,379.79 million in January, $1,163.82 million in December, $1,214.75 million in November, $1162.77 million in October, $856.87 million in September, $1,418.58 million in August, $1,115.57 million in July in the 2017-2018 fiscal and $1318.18 million in July in the new 2018-2019 fiscal.