Remittance hits record high of $1.48 bn in July

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Remittance inflow has touched US $1.48 billion in July, setting a new monthly record.
Bangladesh Bank’s General Manager (Forex Reserve wing) Quazi Saidur Rahman told bdnews24.com that Bangladesh had never received this much remittance in a single month.

“The new high came as expatriates have sent money to their families for Eid,” he said.

Remittance inflow had amounted to $1.45 billion in Oct, 2012.

Meanwhile, the Forex reserve amounted to $21.4 billion on Monday, which is good enough to clear import bills of seven months, according to the central bank official.

Source: bdnews24