Expatriates sent a record 40,138 crore taka during the Eid month

For the first time in the country's history, remittances have exceeded three billion dollars in a single month. In March, expatriates sent a record $3.29 billion. The previous highest monthly remittance of $2.64 billion was in December. And in March last year, only $199.7 million was received. According to Bangladesh Bank data, remittances worth 3.29 billion dollars ($3.29 billion) were received during the entire month of March. In Bangladeshi currency (122 taka per dollar), which amounts to 40 thousand 138 crore taka. That is about 106.1 crore dollars or 1295 crore taka coming in every day.

Remittances increased by 64.70 percent in March compared to the same month of the previous year. The previous month, February, saw a drop in $2.53 billion. Money laundering has decreased mainly due to the reduction in irregularities and corruption after the fall of the Awami League government. This has led to a decrease in demand for hundi and an increase in remittances through banking channels, said the concerned people. According to Bangladesh Bank data, a total of $21.77 billion in remittances came in during the July-March 9 months of the current fiscal year. It was $17.07 billion during the same period of the previous fiscal year. During this period, the growth rate was 27.60 percent. Along with the high growth in remittances, 

export earnings are also increasing. This has stabilized the country's foreign exchange market. The reserves, which fell to 19 billion, have already crossed the 20 billion dollar mark. The dollar rate has been stable at 122 to 123 taka for a long time.