Tuesday, 5 January 2010

Bangladesh 2009 Remittances Were More Than $10 Billion Read more

Siddique Islam - AHN Correspondent

Dhaka, Bangladesh (AHN) - Bangladeshis working abroad sent home a record $10.72 billion in 2009, as remittances continued to scale new heights despite the global meltdown, officials told AHN Media on Monday.

They said the amount is 19.39 percent higher than what the country's more than six million workers had remitted in the previous 2008 calendar year.

The remittances from Bangladeshi nationals working abroad were estimated at $876.33 million in December, which was a drop of $174.21 million from the previous month. In November 2009, the remittances stood at $1.050 billion, according to the central bank statistics, released on Monday.

"The flow of remittances is still at a satisfactory level," a senior official of the Bangladesh Bank (BB), the country's central bank, told AHN in Dhaka, adding that the inflow of remittances normally fall after the Eid-ul-Azha festival.

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