Bangladesh sees remittance sink over 15% in July-August - News Summed Up

Bangladesh sees remittance sink over 15% in July-August


Analysts think there will be 'negative' impact on the country's macro-economy if the downtrend in remittance flow continues. The amount is $11.5 million or 1 percent less than around $1.2 billion remittance received same month last year. The amount of remittance received in July-August period of 2015-16 fiscal year was over $2.58 billion. The expatriates send less remittance in this month every year," he said. Bakht said the remittance flow decreased due to the expatriates taking illegal channels to send money and the devaluation of currencies other than US dollar.


Source: bd News24 September 05, 2016 19:52 UTC



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