Remittance inflow rises by 13.7pc in August; Reserve at $30.81b

Inflow of remittances witnessed a year-on-year growth of 13.7 percent, reaching $1,264 million in the first 16 days of August, according to the latest data of Bangladesh Bank (BB) issued on Sunday.

During the same period last year, the country's remittance inflow was $1,112 million.

During the July-August period of the current fiscal year, expatriates sent remittances of $3,742 million, which was only $3,026 million during the same period of the previous fiscal year.

Meanwhile, Bangladesh's foreign exchange reserves have stood at $30.81 billion.

But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh's foreign exchange reserves stood at $25.81 billion, according to the latest BB data.