$12 billion remittance just in 7 months

Bangladeshi expatriates have sent home almost $2 billion in January as the inflow of remittances continues to grow amid the global coronavirus pandemic.

Inward remittances in the first seven months of fiscal year 2020-21 stands at almost $15 billion, marking a 35 percent year-on-year growth.

As much as $1.96 billion flowed into the country in January alone, according to the data published by Bangladesh Bank on Monday.

The pandemic wreaked havoc in the global economy in 2020, yet Bangladesh saw a significant rise in the remittance inflow in this period.

In a report published April 2020, the World Bank predicted a 20 percent decline in global remittance flows, with a 22 percent drop in Bangladesh, due to the pandemic.

But the South Asian nation defied the predictions as inward remittances rose 18.66 percent, in contrast to 32 percent drop in neighbouring India.