Remittance hits eight-month high

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Expatriate Bangladeshis sent around US$ 2.16 billion remittances during the month of February which is the highest in the past eight months.

February’s remittances marked a significant increase of 38.46 percent compared to the same month last year, as per data from Bangladesh Bank.

This development offers a much-needed respite for the country’s dwindling foreign exchange reserves, according to industry insiders.

In June 2023, the country saw a higher inflow of remittances amounting to $2.19 billion.