TDS Desk:

Wage earners’ remittance inflow – the key source of foreign currency for Bangladesh – reached $584.54 million during the first week of September this year, with Islami bank bringing in the highest figure during this timeframe – to the tune of $126.51 million.

According to latest data released by the Bangladesh Bank on Wednesday, Bangladesh earned $584.54 million in remittance from September 1 to 7, a 16.21 per cent higher figure compared to that of the last week of August.

Bangladesh received $2.22 billion remittance in the last month, following the deadly change of Hasina regime.

Back in June, Bangladesh saw – highest in recent years – remittance inflow of $2.53 billion. However, after the quota reform movement which began from July, a remittance shutdown programme started through social media to create pressure on the Hasina government.

This movement impacted July remittance inflow, dropping it to $1.91 billion. However, the situation changed for the better after the fall of the Hasina regime on August 5.

Chief Advisor Dr Mohammad Yunus and expatriates were invited to send more remittance to build a new Bangladesh, and the call spread through social media. Experts believe that it created a positive impact on remittance inflow.