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Bangladesh's remittance reaches over $4 billion in July-August

By IANS | Updated: September 2, 2024 04:10 IST

Dhaka, Sep 2 Bangladeshis living and working abroad remitted back more than $4 billion in the July-August period, ...

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Dhaka, Sep 2 Bangladeshis living and working abroad remitted back more than $4 billion in the July-August period, the data from the Bangladesh Bank has shown.

Remittance, one of the key sources of foreign exchange for the nation, surged 39 per cent year-on-year to $2.22 billion in August, Xinhua news agency reported, citing the central bank's data.

It was $1.91 billion in July.

Bangladesh's remittance mainly comes from Middle East countries, such as the United Arab Emirates, Saudi Arabia and Kuwait.

The eventual spike, according to Dhaka Tribune, is a result of renewed vigour in the form of the new government which inspired expatriates to remit money back home.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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