Remittance from KSA highest in July-Oct period

The expatriate Bangladeshis working in Saudi Arabia sent the highest amount of $ 944.34 million remittance during the July-October period of the current fiscal year (2013-14).

The overall remittance inflow to Bangladesh during the four-month period totalled $4,500.64 million of which $1,230.68 million came in this October, according to the latest data of the Bangladesh Bank. The overall remittance inflow in September totalled $ 1,025.69 million.

remmitance The central bank data showed that of the total $ 4,500.64 million sent in July-October by the wage earners abroad, the Bangladeshis in the UAE sent home the second highest amount of $ 849.51 million, followed by $ 745.70 million from the USA, $ 361.38 million from Kuwait, $ 315.02 million from Malaysia and $ 331.82 million from the UK.

The Bangladesh Bank figures also showed that during the four-month period of the current fiscal year, $ 212.70 million remittance came from Oman, followed by $ 126.32 million from Singapore, $ 132.74 million from Bahrain, $ 111.28 million from Italy, $ 82.04 million from Qatar and $ 26.07 million from Libya.

Of the total wage earners remittance inflow of $ 14,461.14 million in the last fiscal year (2012-13), the highest $ 3,829.45 million came from Saudi Arabia. This was followed by $ 2,829.40 million from the UAE, $ 1,859.76 million from the USA, $ 1,186.93 million from Kuwait, $ 997.43 million from Malaysia, $ 991.59 million from the UK and $ 610.11 million from Oman.

According to Bangladesh Bank data, of the total remitted amount in July-October period, the highest amount of $1,124.78 million came through Islami Bank Bangladesh Ltd; followed by $509.81 million through Agrani Bank Ltd; $475.35 million through Sonali Bank Ltd, $438.71 million through Janata Bank Ltd, $ 241.43 million through National Bank Ltd, $193.47 million through Uttara Bank Ltd.; $185.21 million through BRAC Bank Ltd.; and $107.12 million through Bank Asia Ltd.

The country’s remittance inflow totalled $ 12,843.43 million in fiscal 2011-12 compared to $ 11,650.31 million in the previous fiscal (2010-11).

-Courtesy: UNB.