With just two weeks to go before the end of the year, expatriate income has surpassed 20 billion this year.
According to the latest data from the central bank, in the first 10 days of December, expatriates sent 614 million to the country. In all, from January 1 to December 10, remittances to the country reached 20.50 billion. Which is about 12 percent more than the whole period of 2019.
Earlier, so many remittances never came to Bangladesh in one year. In 2019, the expatriates sent a little more than 18 billion dollars to the country. To increase remittance flow, the government is giving cash incentives at the rate of 2 percent from the last financial year.
Meanwhile, Bangladesh’s foreign exchange reserves are reaching a milestone of 42 billion amid the epidemic, relying on remittances sent by expatriates.