Friday, 5 October 2007

Bangladesh: Remittance grows 24pc in 3 monthsStar Business Report

Star Business Report

Remittance inflow into the country recorded a 24 percent growth in the first three months of the current fiscal year.The non-resident Bangladeshis (NRBs) sent US$ 1645.55 million during July-September period of 2007-08 compared to $ 1330.02 million during the same period of the previous fiscal year.

Banking sources said Bangladesh received a handsome amount of remittance during the period because of the upcoming Eid-ul-Fitr festival. During Eid festivals, expatriate Bangladeshis usually send more money to the country.The country received $ 542.28 million remittance in September, $ 483.66 million in August and $ 567.11 million in June of the current fiscal year. [Read more]

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