At the beginning of the year, the remittance came to 18 thousand crores

At the beginning of the year, a positive trend is being observed in the flow of expatriate income or remittances. Expatriate Bangladeshis have sent remittances worth 167 million (1.67 billion) US dollars in the first 27 days of this January.

In local currency (at 107 taka per dollar) which amounts to about 18 thousand crore taka. If this trend continues, the remittances will exceed 1.7 billion dollars by the end of the month, the sector officials believe. In the last month of last year, December, remittances came in at 169 million 97 million US dollars.

This picture has emerged in the weekly update report published by Bangladesh Bank on remittance collection.

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Central bank officials say that if the current trend continues, the amount of expatriate income will spread to 1.7 billion dollars at the end of the month.

A review of the Central Bank's data showed that on January 27, 226 million dollars were remitted through state-owned banks, 389 million dollars through a specialized bank, 1405 million dollars through private banks and 5.8 million dollars through foreign banks.

Remittance

• Seven banks could not collect any remittance at the time discussed. These are - BDBL, Rajshahi Agricultural Development Bank, Bengal Commercial Bank, Community Bank, Foreign Sector Habib Bank, National Bank of Pakistan and State Bank of India have not received any remittance.
  A review of the remittance flow showed that the remittance flow has been increasing since October last year, although it decreased at the beginning of the current financial year 2022-23. Which continues till January. Last December, 169 million 97 million dollars, 159 million 51 million dollars in November and 152 million 55 million dollars came in October. In the first month of this financial year, remittances came in July of 209 crore 63 million US dollars, in August came 203 crore 69 million US dollars, in September came 153 crore 95 million US dollars.

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In the outgoing fiscal year 2021-22, the total remittance received is 2 thousand 103 crore 17 lakh US dollars. Earlier, the expatriate income in the financial year 2020-21 was 2 thousand 477 crore 77 million US dollars.

Foreign exchange reserves fell to $32.29 billion
According to central bank data, reserves fell to $32.29 billion as of January 25.

If the reserves are calculated according to international standards, it will be reduced by another eight billion. According to that, now the real reserve is 24 and a half billion dollars. Which is lowest in last 8 years. In the 2014-15 fiscal year, the reserve was $25 billion.