The pace of remittances is increasing after the uprising

Remittances came to a standstill in the country due to the uprising. However, since the fall of the government, the speed of remittances coming into the country through legal channels has started to increase. In the first 10 days of August, expatriate Bangladeshis have sent remittances of 482.777 million US dollars in the country legally.

This information is known from the updated report published by the central bank on Monday (August 12).

Expatriates threatened not to send remittances through legal channels in the context of conflict, curfew and internet shutdown in the context of student movement over quota reform. Many expatriates campaigned about not sending remittances through legal channels in the country as a protest against the person killed in the movement. Which had an impact on expatriate income.
According to the data of the Central Bank, expatriates sent remittances worth 190 million US dollars to the country last July. Which was the lowest in last 10 months. In addition, compared to June of this year, remittances in July decreased by 63 million 2 million dollars. In June, remittances came in at $254.16 million.
Meanwhile, Sheikh Hasina left the country after resigning from the post of Prime Minister on August 5 in the face of the unforgettable coup of students. Through this, 16 consecutive years of Awami League's unprecedented misrule and arbitrariness came to an end. After that, many expatriate Bangladeshis have started a campaign to send remittances through legal channels to build the country. As a result, expatriate income has started to increase again.
After reviewing all the latest data of the central bank, it can be seen that in the first week of this August, that is, up to August 3, remittances have reached 9 crore 56 lakh 50 thousand dollars. In the next week i.e. from August 4 to 10, expatriates sent four times more remittances than the first week. During the period under discussion, expatriates sent remittances of 387.1 million 20 thousand dollars.
Among the amount of remittances received in the country in 10 days, 4 crore 47 lakh 30 thousand dollars came through state-owned banks, 1 crore 6 million 10 thousand US dollars through a specialized bank, 42 ​​crore 8 lakh 80 thousand dollars came through private banks and 11 crore came through foreign banks. Remittance of 50 thousand US dollars.
197 crore 31 lakh in July, 159 crore 94 lakh in August, 133 crore 43 lakh in September, 197 crore 14 lakh in October, 193 crore in November, 19912 crore in December, 211 crore 31 lakh in January, 216 crore 45 lakh in February , 1997 crores in March, 204 crores 42 lakhs came in April, 225 crores 38 lakhs came in May and 254 crores 16 lakhs came in June.