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Bangladesh's remittances inflow declines in Sept.
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08:30, October 07, 2008

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Bangladesh received 701.40 million U.S. dollars worth of remittances in September, lowest in a single month since January this year, official data showed Monday.

According to official statistics of the central bank of Bangladesh received here on Monday, the inflow of remittances in September dropped by over 4.42 percent than that in August.

Expatriate Bangladeshis, living and working over 100 countries, remitted home over 6.74 billion U.S. dollars in the first nine months of this year.

A central bank official said, "We think that the inflow of remittances have been declining since August due mainly to slowdown in employment and soaring living costs worldwide."

"Workers abroad are failing to save enough money to send home as their living cost has gone up to a large extent due to soaring inflation," he said.

Some 689,000 people found overseas jobs in the first nine months until September against 592,000 in the same period of last year, according to the Ministry of Expatriates' Welfare and Overseas Employment.

However, some 70,000 Bangladeshis found overseas jobs in September, which is 23.79 percent down from that of the same period the last year.


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