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Expatriate income is also increasing at a dizzying rate in Corona. Last November, remittances sent by expatriates amounted to 207 million rupees. This is 33.6 percent more than in November of last year. At that time, the income of expatriates reached 155 million rupees. However, the previous month it was 1.56 percent less than in October. Last October, remittances reached £ 211 million. All in all
In the five months from July to November of the current fiscal year, remittances totaled 1.9 billion pounds. The same period of the previous year amounted to 61 million pounds sterling. As such, remittances have increased by 41.32 percent in the first five months of this financial year.
Since July 1 of last year, a 2 percent incentive has been given to send remittances to banking channels. As a result of this incentive, remittances have been increasing month by month since the start of the 2019-20 financial year. However, the pace of remittances slowed in February, March and April of the last fiscal year due to the global epidemic. Since the month of Eid-ul-Fitr in May, remittances and Eid-ul-Adha have continued to increase.
According to the Bank of Bangladesh, expatriates sent remittances worth 2.15 billion pounds sterling last September. In August, 196 crore dollars arrived. Last July, the record for remittances in a single month was 259 million. There is no precedent for so many remittances arriving a month earlier.
Meanwhile, in fiscal year 2019-20, a total remittance of $ 1,720 million 30 million arrived. That figure was 10.6 percent more than the previous fiscal 2018-19 year.
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