Bangladesh receives $1.96b remittance in January

Bangladesh has received nearly USD 1.96 billion remittance in January followed by approximately USD 1.70 billion in December last year, according to the Bangladesh Bank -- a good news for the country amid the dollar crunch.

The bank officials said many import bills are being deferred due to the dollar crisis which is why the USD, sent by the expatriates, are being purchased at the higher price than fixed ones.

It has increased the income of the wage earners. If the ceiling of dollar price is lifted, then the crisis will be resolved to a great extent.

It is learnt that the country received over 1.70 billion US dollars in January 2022. However, the wage earners sent over two billion US dollars in July and August each. Then the banks bought a dollar for Tk 120.