September 5, 2023 11:20 AM

Bangladesh Bank's latest data shows that remittance inflow declined by 21.47 percent to 1.59 billion in August

According to Bangladesh Bank's latest data, remittance inflow declined by 21.47 percent to $1.59 billion in August compared with that of $2.03 billion in the same month in the previous year. This is the steepest decline since the peak of the pandemic in 2020, which signals yet another blow to Bangladesh's dwindling forex reserves. The August figure was also lower than the previous month’s remittance earnings of $1.97 billion. According to Bankers, despite more Bangladeshi leaving ...