Bangladesh’s remittance inflow has witnessed a 4.47 percent rise in November compared with last month of October 2017.
The increase is 27.68 percent higher than that of November last year.
According to Bangladesh Bank spokesman Subhankar Saha, Bangladesh received $1.214 billion of remittance in the month of November.
The country also brought in $5.768 billion in last 5 months of the current fiscal year (2017-18), which is 10.76 percent higher compared with that of corresponding period in last fiscal (2016-17).
Bangladesh Bank statistics show that the country received $1.115 billion remittance in July this year from the expatriate Bangladeshis living abroad while $1.418 billion came in remittance in August, $856.87 million in September, and $1.162 billion in October.
Of the $1.214 billion remittance in November, the 6 state-owned banks received $269.67 million while the remaining $945.08 million was received by private, foreign and specialized banks.
Of the six state-owned banks, the Agrani received $103.97 million while Janata $69.53 million, Rupali $11.29 million, Sonali $84.78 million and BASIC $0.10 million but BDBL received no remittance.
Among the private banks, Islami Bank Bangladesh Limited (IBBL) received the highest remittance of $205.90 million while it was followed by Duch-Bangla Bank’s $58.51 million, City Bank’s $54.64 million and NCC Bank’s $53.81 million.