Business Report :
Remittance inflow to Bangladesh rose 32.35 percent year-on-year to $2.25 billion in May this year as the country’s migrant workers send more money home ahead of Eid-ul-Azha.
The remittance receipts were $1.7 billion in the same period last year, according to the Bangladesh Bank data.
May 2024’s receipts were also 10.29 percent higher than April this year.
In March, $2.04 billion entered Bangladesh as remittance, central bank data showed.
Industry insiders said remittance inflow increase ahead of Eid-ul-Azha as the country’s migrant workers typically send more money home ahead of the major religious festival for Muslims.