Bangladesh rakes in over $1bn in remittances in first 12 days of AugustExpatriates have sent in more than $1 billion in remittances in the first 12 days of August, marking a 46.20 percent increase compared with the same period last year. Bangladesh Bank spokesperson Arief Hossain Khan shared the development on Wednesday. In August, remittances totalled $1.05 billion until now, compared to $721 million during the same period last year. According to the central bank, remittances totalled $3.53 billion from Jul-Aug 12 of the current fiscal year, compared to $2.63 billion during the same duration last year, indicating a 34 percent increase. In order to stabilise the rate, Bangladesh Bank purchased dollars from commercial banks in five auction rounds.
