2024-07-29 20:12:37
From July 1 last year to July 24, the income of expatriates in the country through legal means was 1586 million dollars. 1.5 billion dollars came at the same time this month. In the first 18 days, $142.2 million came. And in six days from 19 to 24 July, 78 million dollars came. Before this, expatriates sent 254 million dollars of income to the country last June. Expatriate inflows into the country in June were the highest for any single month in the last three years.
Before this, the last expatriate income came in July 2020 of $259 million.
According to Bangladesh Bank’s updated report on expatriate income, banking activities were conducted only for one day from July 19 to 24. The government issued curfew from Friday night on July 19 to control the situation that was created across the country around the student quota reform movement. Banks were closed till Tuesday. Online transactions of the bank were also closed due to lack of internet connection.
The bank reopened on July 24 after a few days of transaction closure. On that day, trading lasted for 4 hours from 11 am to 3 pm. Due to the closure of banking activities, it was not possible for expatriate income to come to the country through legal channels from July 19 to July 23. During this period, those who sent expatriate income from abroad, it was supposed to be deposited in the country’s bank on the first day of bank opening last Wednesday, but it did not happen.
Bangladesh Bank officials say that if someone has sent expatriate income from abroad, the banks are obliged to distribute it within 24 hours. But if the remittance houses that send the expatriate income of the respective country retain this income, it may take some time to reach the country.
Note that in the first week of July, the first month of the current fiscal year 2024-25, remittances of 978.6 million 50 thousand US dollars have arrived in the country legally.