Thursday 6 December 2007

Bangladesh's Remittance Flow Records 21.69 Percent Growth

Siddique Islam - AHN South Asia Correspondent

Dhaka, Bangladesh (AHN) - Remittances by the Bangladeshi expatriates stood at $2.806 billion in the first five months of the current fiscal, marking a 21.69 per cent growth over that of the same period of the last fiscal, officials say in the capital, Dhaka.

Bangladesh received $2.806 billion during the July-November period of the fiscal 2007-08 against $2.306 billion in the same period of the previous fiscal, according to the Bangladesh Bank (BB), the country's central bank, statistics, released Wednesday.

The remittances from Bangladeshi nationals working abroad were estimated at a record $618.60 million in November 2007, which was $58.55 million higher than that of the previous month. In October 2007, the total amount of money remitted by Bangladeshi wage earners amounted to $559.05 million, the BB's data showed. [Read more]

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