Bangladesh gets $2bn from migrants as remittances in August, YoY increase of 39% – agency

By Andrei Skvarsky.

Bangladesh received more than $2bn as remittances from Bangladeshi migrants abroad in August, according to one of the country’s main news agencies, which said such remittances represent an “upward trend” and a process backed by Bangladesh’s hcentral bank.

The central bank, Bangladesh Bank, has taken various measures to boost remittances in a bid “to overcome the foreign exchange crisis and increase reserves”, United News of Bangladesh (UNB) said in a statement.

Earnings sent to Bangladesh through official channels between the start of last month and August 28 totalled $2.07bn, being 39 per cent larger than remittances for August 2023, UNB said, citing Bangladesh Bank.

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