Remittance inflow hits $3.12b in April 

The country’s remittance inflow has crossed the $3 billion milestone in April, reflecting sustained strong inflows from expatriate Bangladeshis, according to data released by the Bangladesh Bank (BB) on Sunday.

During this period, remittance receipts reached $3,127 million or 3.127 billion, marking a 13.6 percent increase year-on-year compared to $2,752 million in the same period last year. 

On a cumulative basis, expatriate Bangladeshis sent $29,332 million in remittances from July to April of the current fiscal year, significantly higher than $24,537 million recorded in the corresponding period of the previous fiscal year.

Bangladesh’s foreign exchange reserves stood at $35.20 billion, according to the latest data released by the Bangladesh Bank (BB) on Sunday. 

Under the International Monetary Fund’s (IMF) BPM-6 accounting method, the reserves stood at $30.51 billion, the central bank added.