Monthly remittances sent by expatriates surged past $2 billion till May 29, marking the second consecutive month of over $2 billion receipts, with two days still remaining in the month.

With the $2.14 billion in remittance earnings, the current fiscal year (FY2024) has made a 10% jump in 11 months from the same period of last fiscal year. A fiscal starts on July 1 in Bangladesh.

In April, remittances hit $2.04 billion due to the Eid festival.

Remittance inflow has also got a boost from the Bangladesh Bank introducing crawling mid-peg on May 8 and endorsing the Tk117 per dollar rate.

BDST: 2149 HRS, MAY 30, 2024
MSK