Latest News:  


Bangladesh receives nearly 15 bln USD remittance in 2012-13 fiscal


19:29, July 04, 2013

DHAKA, July 4 (Xinhua) -- The inflow of remittances by millions of non-resident Bangladesh is in the 2012-13 fiscal year concluded in June reached a record high of nearly 15 billion U.S. dollars, about 13 percent higher than the same period a year ago, an official said Thursday.

"Remittances from the Bangladeshi wage earners abroad stood at about 14,460 million U.S. dollars during the 2012-13 fiscal year ( July 2012-June 2013)," the Bangladesh Bank (BB) official told Xinhua.

The official who preferred to be unnamed said inflow of remittance in the last fiscal year was a continuation of the trend in the previous fiscal year, when the country received a record 12. 85 billion U.S. dollars.

According to the official, the inflow of remittance, one of the key sources of foreign exchange for the impoverished South Asian nation, reached 1.058 billion U.S. dollars in the final month of the last fiscal year.

Although remittance inflows from nearly 9 million Bangladeshis, living and working in about 100 foreign countries, set a new record in the 2012-13 fiscal year, the growth rates still remained moderate compared to the previous years.

Over the last few years until 2009-2010 fiscal, the country's remittance growth hovered around 15-30 percent.

Most of the remittances come from Saudi Arabia, the United Arab Emirates, the United States, Kuwait, Britain, Malaysia, Oman, Qatar, Singapore, Bahrain, Italy and Australia, according to the bank.

In his budget speech, Bangladeshi Finance Minsiter AMA Muhith said last month that presently around 8.6 million Bangladeshi workers are employed in 157 countries.

We Recommend:

U.S. presidents and their pets

Highlights of 50th Int'l Paris Air Show

Best photos of week (June 17 - June 23)

Venezuelan Army School boat visits Cuba

Afghan refugees at UNHCR registration center

Beauty contest held in Budapest, Hungary

Angelina Jolie visits refugee camp

'Super moon' hangs in the sky over Rotterdam

LA' Chinatown sets up statue of Bruce Lee


Leave your comment0 comments

  1. Name


Selections for you

  1. China's main warships to take part in drills

  2. Chinese fleet conducts formation exercise

  3. Egypt army topples president

  4. Zoo animals searches coolness in summer

  5. Man swims in flood to deliver food for wife

  6. Audition for dating with rich

  7. Beauties under summer sun on Beijing

  8. Yuan Shanshan in black and white photos

  9. New head to steer COSCO

  10. Diagnose crisis of China's solar sector

Most Popular


  1. CIC needs to recruit global talent: analysts
  2. China to strengthen ties with Uganda
  3. Hot weather brings wave of health problems
  4. Wealthy individuals 'see education as asset'
  5. Unite to prevent violence against women
  6. Dogs are the responsibility of their owners
  7. Pakistani PM's China trip to boost economic co-op
  8. Chinese company looks to take a bite out of Apple
  9. PwC: HK IPOs expected to boom this year
  10. Abe's 'values diplomacy' goes against the grain

What’s happening in China

Man swims in flood to deliver food for pregnant wife

  1. Sex video official appeals in Chongqing
  2. Ministry: KMT veterans will be cared for
  3. Air China to test in-flight Wi-Fi
  4. China boosts handling of nuke emergencies
  5. 32 endangered birds released into the wild