Saturday, 2 June 2007

Bangladesh's Inward Remittances Flow May Reach $6 Billion, Helping Country Pay For Imports

May 26, 2007 2:27 p.m. EST
Siddique Islam - AHN South Asia Correspondent
Dhaka, Bangladesh (AHN) - The Bangladesh Bank (BB), the country's central bank, expects that the flow of inward remittances will reach $6 billion by the end of the current fiscal year 2006-07, officials announced in the capital, Dhaka, on Saturday.
The country has already received $4.90 billion during the July-April period of fiscal year 2006-07 and over $1 billion is expected to pour into the country in the remaining two months of the current fiscal year.
"We are expecting that the flow of remittances may cross $6 billion by the end of the current fiscal (year)," a BB senior official told AHN in Dhaka on Saturday. He also said that the inflow of remittances will reach that level during this fiscal cycle if the existing upward trend continues. [Read more]

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