Compared to July, remittance decreased 3.25%Compared to Aug'20; it decreased by 8%Remittance continued to dip for the third consecutive month in August, with seemingly no respite in the coming days. Remittance inflow declined 8% year-on-year in August to $1.8 billion, the lowest in the past six months. At the same time, the remittance in August decreased by about 3.25% compared to July, the first month of the fiscal year. Apart from this, compared to the first month of the current FY 2021-22 July, the remittance has decreased by about 3.25% in August. Currently, 29 exchange houses are operating across the globe, setting up more than 1,450 drawing arrangements abroad, to expedite the remittance inflow, according to the central banker.

Source: Dhaka Tribune September 05, 2021 17:11 UTC