Bangladeshis living and working abroad remitted home 2.25 billion U.S. dollars in the first two months of the current 2013-14 fiscal year, central bank data showed Tuesday.
According to Bangladesh Bank (BB) data released Tuesday, the flow of inward remittances plunged over 14.46 percent year on year to 1,008.20 million U.S. dollars in the last month.
Remittances, one of the key sources of foreign exchange for the impoverished nation, in July was 1,238.96 million U.S. dollars, it showed.
The inflow of remittances from nearly 9 million Bangladeshis in the 2012-13 fiscal year which concluded in June reached a record high of nearly 15billion U.S. dollars, about 13 percent higher than the same period a year ago, the BB data showed.
Most of the remittances come from Saudi Arabia, the United Arab Emirates, the United States, Kuwait, Britain, Malaysia, Oman, Qatar, Singapore, Bahrain, Italy & Australia, according to the bank.
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