Thursday, 3 September 2009

Bangladesh Receive $937 Million Remittances In August Ahead Of Eid Festival

Siddique Islam - AHN Correspondent
Dhaka, Bangladesh (AHN) - Bangladeshis working abroad remitted a $937 million in August 2009, the highest monthly inflow in history, thanks largely to the forthcoming Eid-ul Fitr festival, officials told AHN Media Thursday.

"The remittance amount in August is a new record after June," a senior official of the Bangladesh Bank (BB), the country's central bank, told AHN, preferring anonymity, adding that $919.1 million was remitted in the month of June.

The August figure is up by $52.53 million from July, according to the central bank statistics released on Thursday.

The record rise in inward remittance is due mainly to the ensuing Eid-ul Fitr, the biggest religious festival for the Muslims, when traditionally migrant workers send home increased amount of money, the BB officials added.

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