Bangladesh received inward remittance worth over USD $1 billion in the first 15 days of September, amid forex crisis in the country.

Bankers said remittance inflow shows an upward trend as the remitters are encouraged by the depreciation of taka and they get more than Tk 108 per dollar, reports UNB.

The country received remittances of $2.09 billion in July and $2.03 billion in August, which became a blessing amidst forex crisis.

Md Serajul Islam, executive director and spokesperson of Bangladesh Bank told that the central bank has simplified various processes to attract more remittance through banking channels.

The government is also extending remittance incentives as well as providing policy support. Now the dollar rate is getting higher, he said.

The sector insiders said that Bangladesh’s inward remittance flow will grow more as manpower export hit a new high in the past fiscal on a post-pandemic rebound of the overseas job market.

Bd-pratidin English/Tanvir Raihan