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Remittances up 1.1pc in August on year

Money sent home by Bangladeshis working overseas in August rose 1.1 percent from a year earlier to about $1.19 billion, the central bank said on Thursday. The figure was lower than $1.39 billion netted in July, when remittances fell 7 percent from a Remittance-450x325year earlier in the first annual dip since February. Millions of expatriate Bangladeshis remitted $15.31 billion in the financial year that ended in June, up 7.6 percent from a year earlier. Remittances from more than 10 million citizens abroad are critical for t...

BB awards top remitters

Bangladesh Bank today honoured 31 non-resident Bangladeshis (NRBs) for sending the highest amount of remittances last year to encourage the expatriates to send money home through legal channels. bbTwo exchange houses that transfer money have also been awarded by the BB for the first time. Bangladesh Bank Governor Dr Atiur Rahman handed over crests and certificates to the awardees in a programme titled “Bangladesh Bank Remittance Award-2014” at the BB Training Academy in Dhaka.

 Star Online Report

 
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