Remittance inflow declines
04 March 2014
UNB, Dhaka :
The inward remittance flow to the country in February last showed a declining trend, totalling US$ 1,164.03 million compared to $ 1,260.66 million fetched in January this year.
The remittance inflow in December last year totalled $ 1,210.21 million, according to the latest data provided by the Bangladesh Bank (BB).
The central bank data revealed that some $ 14,461.14 million came as remittance in the last fiscal year (2012-13).
The BB data also showed that of the total remitted amount during the last month (February), the highest $ 769.33 million came through the private commercial banks. This was followed by $ 367.56 million through four state-owned commercial banks, $ 13.27 million through four specialised banks and $ 13.87 million through foreign commercial banks operating in Bangladesh.
Analysing the BB data, it was found that the highest amount of $ 307.49 million came through Islami Bank Bangladesh Ltd, followed by $ 128.67 million through Agrani Bank, $ 120.58 million through Sonali Bank Ltd, $ 104.42 million through Janata Bank Ltd, $ 57.92 million through National Bank Ltd, $ 30.35 million through Brac Bank Ltd, and $ 39.56 million through Pubali Bank Ltd.
Of the total $ 14,461.14 million remitted to Bangladesh during the last fiscal year (FY 13), $ 1,061.45 million came in November, 2013, $ 1,230.68 million in October, 2013, $ 1,025.69 million in September, 2013, $ 1,005.77 million came in August 2013; $ 1,238.49 million in July; $ 1058.24 million in June; $ 1,087.19 million in May; $1,194.40 million in April; $1,229.36 million in March; $1,163.18 million in February; $1,326.99 million in January last year while $1,287.31 in December 2012; $1,102.15 million in November; $1,453.69 million in October; $1,178.83 million in September; $1,178.65 million in August; and $1,201.15 million in July, 2012.
Country's remittance inflow totalled $12,843.43 million in the fiscal 2011-12 compared to $11,650.31 million in the previous fiscal (2010-11).
