The country’s inward remittance hit the single-month highest at $1.33 billion in October, Bangladesh bank (BB) data shows Tuesday.

Fabulous flow of remittance during this month surpassed the previous single-month highest of $1.22 billion posted in January this year.

The central bank data showed the country received the amount in a period between 1-26 October. With the latest development, total inward remittance stands at $4.89 billion from 1st of July to 26th October.

The remitters have sent $3.55 billion in last three months of current financial year (FY 2012-13).

Data shows the trend of remittance inflow maintains a steady growth in the current financial year with over $1 billion entering the country every month.

A BB official observed that remittance flow was soaring as remitters usually send extra pennies to near and dear ones during Eid-ul-Azha and Durga Puja.

Bangladeshis have celebrated two major festivals — Eid-ul-Azha and Durga Puja — this month.

Primary data suggests that around 8 million Bangladeshis have been working abroad who emigrated over the years in quest of employment.

News: Daily Sun/Bangladesh/31-Oct-12