The inward remittance to the country during the last month (January 2014) was encouraging as it was the highest since January, 2013 totalling $1,250.03 million.
The remittance inflow in December, 2013 totalled $1,210.21 million while it was $1,326.99 million in January, 2013, according to the latest data provided by the Bangladesh Bank (BB).
The central bank data showed that some $14,461.14 million came as remittance in the last fiscal year (2012-13).
The BB data also showed that of the total remitted amount during the month of January, the highest $832.21 million came through the private commercial banks. This was followed by $387.64 million through four state-owned commercial banks, $15.91 million through four specialised banks and $14.27 million through foreign commercial banks operating in Bangladesh.
Analysing the BB data, it was found that the highest amount of $333.52 million came through Islami Bank Bangladesh Ltd, followed by $144.61 million through Agrani Bank; $120.55 million through Sonali Bank Ltd; $107.87 million through Janata Bank Ltd; $64.35 million through National Bank Ltd; $ 40.66 million through BRAC Bank Ltd; and $ 42.98 million through Pubali Bank Ltd.
Country’s remittance inflow totalled $12,843.43 million in fiscal 2011-12 compared to $11,650.31 million in the previous fiscal (2010-11).
Source: UNBConnect
