Positive Trend in Remittances: USD 752 Million Arrives in Six Days

In the first six days of the current May, the country received USD 752 million in remittances. This accounts for an average daily remittance inflow of USD 125.3 million.

- Advertisement -

Arif Hossain Khan, spokesperson for Bangladesh Bank, provided this information on Thursday (May 7).

He stated that in the first six days of current May, the country received USD 752 million in remittances, compared to USD 625 million during the same period last year. This indicates an increase in remittance flow year-on-year.

Read More:  Bitcoin’s $10 billion credit market keeps growing after its first major selloff

From July of the current fiscal year to May 6, the country has received USD 30.085 billion in remittances, marking a 19.60 percent increase year-on-year.

Previously, in April, the country received USD 3.1273 billion, and in March, it received USD 3.75505 billion in remittances, which was the highest ever recorded in a single month in the country’s history.

Read More:  This signal shows Bitcoin is heading towards $60,000 tied to a $14 billion liquidation setup

In February and January, remittances amounted to USD 3.02076 billion and USD 3.17094 billion respectively. In December, the country received USD 3.2267 billion, and in November, USD 2.88952 billion in remittances.

Furthermore, in October and September, remittances were USD 2.56348 billion and USD 2.68588 billion respectively. In August and July, the country received USD 2.42189 billion and USD 2.4780 billion in remittances respectively.

Read More:  Crypto’s RWA boom finds retail demand in physical trading cards as users chase collectibles over Treasuries

Meanwhile, throughout the 2024-25 fiscal year, expatriates sent USD 30.328 billion in remittances, which is the highest recorded annual remittance inflow in the country’s history for any specific fiscal year.

Facebook Comments Box

Related

Messi’s Pre-Final Statement Generates New Discussion

0 Amidst all the drama surrounding the Spain-Argentina match in...

One Year of Milestone Tragedy: Many Students Suffer from Mental Trauma

0 Today marks one year since the Milestone Tragedy. On...

Bitcoin Miner Hut 8 Shares Jump On $9.8 Billion AI Data Center Deal

Bitcoin miner Hut 8’s shares rose Monday after the...

Metaplanet’s Bitcoin Japan Announces Plan To Scoop Up Coins Despite Market Downturn 

Bitcoin Japan, a subsidiary of Asia’s answer to Strategy,...