On the other hand, in July, Bangladesh received $2.60 billion in remittance from expatriates, up by 62.74% compared to $1.59 billion in the same period last year. Amid the record foreign currency received from Bangladeshi migrant workers, remittance inflows from five countries, the United Arab Emirates, Kuwait, Qatar, Italy and Bahrain, witnessed a decline. On the other hand, Bangladesh received $1.37 billion from Kuwait, the fourth largest remittance sending country, which was 6.22% down compared to $1.46 billion earlier. This decline indicates that in the coming months, Bangladesh may see a further decline in remittance inflow as over 60,000 migrants have returned home from these countries. In FY20, Bangladesh received more than $1.78 billion as remittance over the previous fiscal year.

Source: Dhaka Tribune August 08, 2020 15:11 UTC