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Bangladesh's Q1 remittances reach nearly 4 bln USD

Xinhua, October 7, 2015 Adjust font size:

Bangladeshis living and working abroad remitted home nearly 4 billion U.S. dollars in the first quarter of the current 2015-2016 fiscal year, a central bank official said on Wednesday.

Quoting provisional data, the Bangladesh Bank (BB) official told Xinhua that the flow of inward remittances in the first three months of the current fiscal year (July 2015-June 2016) fell 2 percent to 3,930.86 million dollars.

After 1,389.56 million dollars in July and 1,195.02 million dollars in August, the amount of remittance in the last month stood at 1,346.28 million U.S. dollars, down 0.15 percent than that of the same period a year earlier, said the official who preferred to be unnamed.

The inflow remittances, one of the key sources of foreign exchange for the impoverished nation, from nearly 9 million Bangladeshis in the 2014-2015 fiscal year which concluded in June reached a record high of 15.3 billion U.S. dollar, the BB data showed.

Most of the remittances come from Saudi Arabia, the United Arab Emirates, the United States, Kuwait, Britain, Malaysia, Oman, Qatar, Singapore, Bahrain, Italy and Australia, according to the bank. Endi