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Bangladesh’s Inward remittance crossed $1b in first half of March

February saw 10-month low for Bangladeshi foreign employment
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According to Bangladesh Bank figures released on Tuesday, migrant workers from Bangladesh sent home more than $1 billion ($1018.98 million) in the first half of March, exceeding expectations. This is a promising beginning to the month and points to a possible record-breaking year for remittances.

With almost $128 million in contributions over the course of the fifteen days, state-owned commercial banks remained the main conduit for remittances. With USD 74.38 million in inflows, Janata Bank emerged as the top, followed by Agrani Bank ($31.06 million) and Rupali Bank ($10.19 million).

Private commercial banks also witnessed a significant rise. Islami Bank Bangladesh topped the list with a staggering $318.28 million, followed by BRAC Bank ($59.80 million) and Social Islami Bank $58.92 million.

While the initial figures are encouraging, experts remain cautiously optimistic due to global economic uncertainties. The full picture for March will be available when data for the latter half of the month is released.

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Daily Dazzling Dawn is the first and only international and non-profitable newspaper, which is 100% ownership of professional journalists from Bangladeshi origin with 20 years of experience in global journalism. The main aim of the newspaper is promoting ethical journalism with truth, accuracy and proficiency.

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Dulal Ahmed Chowdhury

Dulal Ahmed Chowdhury is the Editor of The Daily Dazzling Dawn. Previously, he has been serving in important positions in all the famous national dailies of the Bangladesh since the nineties. He has played a commendable role in journalism by participating in various events at the national and international levels. United Nations Conference, World Climate Conference, SAARC Summit are notable among them.

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