Industry

Inward remittance flow witnesses 35.10% growth during July-March period

Expatriate Bangladeshis sent US$

18,603.80 million remittances during the first nine months of the

current fiscal (FY21), which was 35.10 percent higher than the same

period of the last fiscal year (FY20).

The country received $13,744.80 million remittances during

July-March period of the last fiscal year (FY20), according to Finance

Ministry data.

Expatriate Bangladeshis sent US$1,916.60 million remittances in

March of the current fiscal while the inward remittance flow in March

2020 was $1276.30 million.

Commenting on the surge in remittance, Finance Minister AHM Mustafa

Kamal today said that this uptrend in remittance inflow continues due

to various reform initiatives of the government including

simplification of government rules towards sending remittance and

enforcement of 2 percent cash incentives.

“Such attainments are on the rise day by day and our expectation is

that it will further increase.” He added.

The Finance Minister also noted that the trust and confidence of

people upon the government in this regard has been restored so that

none is harassed and the recipients’ get the money properly.

“As a result, the inward remittance flow is increasing day by day

and it will continue to increase further, Insha Allah.” He added.

Source: Bangladesh Sangbad Sangstha (BSS)