Remittance increases 21% in April

In April, expatriate Bangladeshis sent home $2.04 billion in remittances, marking a 21.3% increase compared to the same period last year.

This surge is typically attributed to the approaching Eid festivities, which historically witness a rise in remittance flows.

In contrast, March saw remittances slightly below $2 billion, influenced by the dollar’s depreciation against the Taka. Specifically, remittances amounted to $1.99 billion in March, following two consecutive months above the $2 billion threshold.