Space For Rent

Space For Rent
Friday, June 19, 2015, Ashar 5, 1422 BS, Ramadan 1, 1436 Hijr


Country receives 13.877bn in remittance in 11 months
Published : Friday, 19 June, 2015,  Time : 9:46 PM,  View Count : 8
Bangladesh has still been continuing to receive highest remittance from Saudi Arabia while the Middle-East remained
to be the main source of foreign remittance.

According to Bangladesh Bank statistics, Bangladesh received a total bof $13.877 billion in remittance in last 11 months of the fiscal year 20914-15, with $3.025 billion coming from Saudi Arabia alone.

During the period, an amount of $8.249 billion came from Middle-East region while $5.628 billion from the rest of the countries in the world.

The remittance from Saudi Arabia is followed by United Arab Emirates (UAE) as Bangladesh received $2.578 billion from the Gulf nation.

Kuwait has been the third largest remittance sending nation for Bangladesh as it received $981.06 million from this another Gulf
nation.

Among the other Gulf nations, expatriates in Oman sent $834.05 million, while those in Bahrain $506.71 million, Qatar $281.33 million, Libya $41.97 million and Iran $0.14 million.

Among the other nations outside the Middle East, expatriate Bangladeshis in the USA sent the highest amount of remittance of $2.141billion outside the Gold nations. The USA is followed by Malaysia which sent $1.251 billion in 11 months of 2014-15.

The expatriate Bangladeshis in UK sent $727.19 million, while that of Singapore $408.22 million, Italy $231.75 million, Australia $56.28 million, South Korea $55.03 million, Germany $19.12 million, Japan $14.73 million, and Hong Kong $17.77 million.

All the other nations outside this list sent $704.66 million in remittance during the outgoing fiscal year.

UNB/NS







Editor : Iqbal Sobhan Chowdhury
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