The amount is 28 percent higher than the corresponding period last year and 4 percent higher than last month, October 2017. Remittances in the first five months of 2017-18 fiscal totalled Tk 5.76 billion, which is 10.7 percent higher than the same period last year, according to Bangladesh Bank data released on Wednesday. Finance Minister AMA Muhith, expressing satisfaction at the rising trend, said, "Last year, there was a downward trend of remittance in all the countries in the world including Bangladesh. According to the central bank, September 2017 was the worst month when Bangladesh received only Tk 853.7 million in remittance. In 2016-17 financial year, the remittance inflow hit 14.48 percent lower than the previous fiscal.

Source: bd News24 December 03, 2017 20:26 UTC