Remittances from the Kingdom of Saudi Arabia (KSA) to Bangladesh surged 19.15 percent or $230.37 million of the total inflow $1202.85 million in December of 2018-2019 fiscal.
“The remittance flow from different countries, including KSA, increased in December since Bangladesh Bank (BB) took some measures to streamline the legal channel 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, from KSA, Bangladesh received $242.83 million in July, $268.71 million in August, $215.28 million in September, $244.21 million in October, and $220.87 million in November of the current fiscal.
The country raked $2591.51 million in 2017-2018 fiscal and $2267.22 million remittance in 2016-17 fiscal.
The data showed Bangladesh received $166.32 million in remittance from the UAE in December while $150.06 million from USA.
In the same period, Bangladesh received remittances of $104.79million from Kuwait, $70.95 million from the Oman, $88.44 million from the Malaysia, $83.95 million from the UK, $71.15 million from Qatar, $62.24 million from Italy, $43.01 million from Bahrain, $24.80 million from Singapore, $12.39 million from France, $9.50 million from Lebanon and $10.11 million from South Africa.
The total inflow of remittance has also increased by $22.41 million in November to December FY2018-2019.
The country received$14981.69 million remittance in 2017-2018 fiscal, $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.
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, $1180.44 million in November, $1202.85 million in December in the new 2018-2019 fiscal.