The country’s single-month inward remittance in November this year witnessed a sharp fall as wage earners remitted $1098.25 million compared to $ 1330 million in October.

Bangladesh bank (BB) data shows the trend of remittance inflow maintains a steady growth in the current financial year (FY) 2012-13 with $ 1 billion. The rising trend continued till October, but fell drastically last month.

With the latest amount received, the country’s total remittance in last five months reached $ 6.1 billion from July to November period.

In October this year, the inward remittance hit the single-month highest at $1.33 billion, Bangladesh bank (BB) data shows. Fabulous flow of remittance during October 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.

In September, the flow of remittance marked a steady growth though the month is considered to be the lean season, according to official statistics.

From 1st to 28th September, expatriate Bangladeshis remitted $ 1.05 billion (Tk 82 billion) in the country from different destinations across the world, the Bangladesh bank (BB) data shows.

The remittance flow rose in September 2012 as remitters sent extra pennies to near and dear ones during Eid-ul-Azha and Durga Puja.

News: The Daily Sun/Bangladesh/4th-Dec-12