In the first 28 days of this month, more than 211 million dollars of expatriate income has arrived in the country. This information was obtained from Bangladesh Bank sources.
In the first two weeks of this month, the expatriate income has reached 584.5 million and 582.6 million dollars respectively. However, in the next two weeks, the flow of expatriate income decreased slightly. In the third week of the month, the expatriate income came in at 46.7 million dollars and in the fourth week it came at 478.8 million dollars.
In the first two months of the fiscal year 2024-25, the expatriate income has reached 413 crore 79 lakh dollars. Out of this, $191.37 million came in July and $222.41 million in August. Then in the first 28 days of September, the expatriate income came to $211 million. That is, if another 110 million dollars does not come in the remaining two days, the expatriate income may decrease this month compared to last month.
According to the data of Bangladesh Bank, in August 2023, the income of expatriates in the country was 1.6 billion dollars. This time 222 million 41 million dollars came. In other words, in the month of August, 62 million dollars more than the same period last year.
Bangladesh Bank Governor Ahsan H. Mansoor said in a round table meeting titled ‘Where do we want to see the banking sector’ organized by Daily World Press recently, efforts are being made to solve the problems of the financial sector without printing money and selling dollars from reserves. The way the dollar market is going, there will be no volatility in the market if it goes like this. Now the price of dollar which is available in expatriate income in the bank, is lower than the price of dollar in the open market. This is the first time this is happening; This stabilizes the dollar market.
Treasury department officials of various banks said that the competition to buy expatriate income by increasing the price has decreased. Besides, the central bank has eased the restrictions and created equal opportunities for all the banks. Expatriate income has started to increase.
