Remittances from the Kingdom of Saudi Arabia (KSA) to Bangladesh account for nearly 19 percent or $220.79 million of the total inflow $1178.28 million in November of the 2018-19 fiscal.
“The remittance flow from different countries increased in recent times since Bangladesh Bank (BB) has taken a series of measures to streamline the legal channel for encouraging Bangladeshi expatriate workers to send home more money, BB senior officials told Bangladesh Post.
According to available data of the central bank, Bangladesh received $2591.51 million from KSA in 2017-2018 fiscal, $2267.22 million in 2016-17 fiscal, $268.71 million in August, $215.28 million in September, $244.21 million in October and $220.79 million in November of the current fiscal.
The data showed Bangladesh received $183.53 million in remittance from the UAE while $125.65 million from USA.
In the same period, Bangladesh received remittances of $108.44 million from Kuwait, $73.15 million from the Oman, $88.54 million from the Malaysia, $81.91 million from the UK, $74.52 million from Qatar, $60.43 million from Italy, $33.97 million from Bahrain, $25.60 million from Singapore, $12.52 million from France and $10.07 million from Lebanon, $11.38 million from South Africa. The total inflow of remittance has also witnessed the decrease of $60.83 million last month.
The country received $14981.69 million remittance in 2017-2018 fiscal, $12,769.45 million 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.
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, $1411.05 million in August, $1139.66 million in September, $1239.11 million in October and $1178.28 million in November in the 2018-2019 fiscal.