<div><span style="font-size: 1rem;">The remittance inflow moved slightly upward in the first 25 days of this August as Bangladeshi expatriates sent out more than $1.72 billion through the official banking channels, according to data submitted to the Bangladesh Bank by different banks.</span><br></div><div><br></div><div>Bangladesh received $2.92 billion inward remittances in July, thanks to Eid-ul-Azha when Bangladeshis living abroad sent more money to families to celebrate one of the biggest festivals for Muslims.</div><div><br></div><div>The expatriates sent $1.81 billion in remittances in August of the last fiscal year.</div><div><br></div><div>Amid declining foreign exchange reserves due to rising import bills, many private sector banks are now bringing home more remittances than the public sector ones.</div><div><br></div><div>Different private banks are buying dollars at a higher rate than state-owned ones, which is helping them attract more remittances.</div><div><br></div><div>From 1 to 25 August, Islami Bank received $356.23 million, Agrani Bank $110.12 million, and City Bank 109.43 million in remittances.</div><div><br></div><div>Pubali Bank received $5.48 million, Dutch-Bangla Bank $95.38 million, and Rupali Bank $93.53 million.</div><div><br></div><div>Bangladesh saw its inward remittance drop by 15.12 percent to $21.03 billion year-on-year in FY22 after growing by more than 36 percent to $24.78 in FY21.</div><div><br></div><div>It is mentionable though, that the drop is made steeper by the fact that the inward remittance figure for FY21 was an all-time record. - UNB</div><div><br></div><div>bnbd24/fas</div>