Analysts and officials say the rise in the value of the US dollar against taka following an increase in import is one of the reasons behind the remittance growth. In January, Bangladesh received $1.38 billion in remittance, which is around 37 percent more than the same period last year and 18.55 percent more than December, 2017, according to Bangladesh Bank data released on Thursday. In the first seven months of the current fiscal year or in July-January period, remittance inflow was over $8.31 billion with a year-on-year growth of around 16 percent. Bangladesh Bank Governor Fazle Kabir is hopeful the uptrend of remittance will continue and cross $14 billion in the current fiscal year. Former Bangladesh Bank governor Mohammed Farashuddin also sees the rise in the value of US dollar against taka as a positive for Bangladesh.

Source: bd News24 February 01, 2018 20:15 UTC