Thursday, 4 June 2009

BANGLADESH:Remittance Inflow Records Over 22 Percent Growth

Siddique Islam - AHN Correspondent

Dhaka, Bangladesh (AHN) - Bangladeshi expatriates sent home a record $8.764 billion in the first 11 months of this fiscal period, marking a 22.39 percent growth over the same period of the last fiscal.

"We expect that the flow of inward remittance may cross $9.50 billion by the end of fiscal 2008-09," Economic Adviser of the Bangladesh Bank (BB), the country's central bank, Habibullah Bahar told AHN in the capital, Dhaka on Wednesday.

The economy adviser also said the flow of remittances is still at a satisfactory level despite the ongoing global economic meltdown.

The country received $8.764 billion during the July-April period of 2008-09 fiscal against $7.161 billion of the corresponding period of the previous fiscal, according to the central bank statistics, released on Wednesday.

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