Remittance witnesses 40pc growth in 11 months

Expatriate Bangladeshis sent US$22.75 billion in remittance during the first 11 months of the current fiscal 2020- 21, which is apparently 40.10 per cent higher than the same period of the preceding year, according to finance ministry.

The country received $16.23 billion in remittance during July to May in 2019-20 financial year.

Meanwhile, in May, the remittance was $2.07 billion which was $1.36 billion in the same period of the previous fiscal year.

The robust inward remittances have boosted the country’s foreign exchange reserves, taking it to $44.96 billion by 30 May.