Remittances are on the rise as Eid getting closer

Eid al-Fitr is one of the most important and emotional day for the Muslims across the world. The day is observed with great passion in the country. Everybody is in the good mood and to make the day even more special people buy new clothes to wear on this special day. Everyone needs extra money at this time. So the expatriate remittance fighters are sending more and more money keeping in mind the extra expenses of the family.

According to the latest data from the central bank, remittances from five state-owned commercial banks reached 189 million USD in the first 13 days of April. Amount of Remittances coming through private banks is 716.2 million USD. 3.3 million came through foreign banks and 10.6 million US dollars has come to the specialized bank.

According to the Central Bank, remittances worth USD 927.5 million were sent by expatriates on the first 13 days of April this year. At the current exchange rate in Bangladeshi currency (86.20 taka per dollar) this figure is about 8 thousand crore taka. Central Bank officials expect remittances to reach 2000 million by the end of the month if the current flow continues.

According to the central bank, expatriates sent 1860 million dollars in remittances in March. Which is 24 percent more than the previous month or 365.5 million dollars more.