Millions of Bangladeshis remitted home nearly 2 billion U.S. dollars in July, the first month of the current fiscal year from July 2023 to June 2024, a central bank official said Wednesday.
The Bangladesh Bank (BB) official who preferred to be unnamed told Xinhua that “the flow of inward remittances fell 5.86 percent year-on-year to 1.97 billion U.S. dollars last month.” Despite the fall, the official expressed satisfaction with the inflow of remittances in July saying remittance flow usually goes up ahead of major Muslim occasions such as Eid-al-Fitr and Eid-al-Azha.
Remittances mainly came from Middle East countries such as the United Arab Emirates, Saudi Arabia and Kuwait, among others.—APP
