Bangladesh received $1.7 billion inward remittance in December, showing a slight increase in expatriate income flow, according to Bangladesh Bank data.
In November, the country received $1.59 billion in remittance in November.
The latest report from the central bank confirmed the data on Sunday.
Besides, a 2.48% year-on-year growth in remittance earnings has been reported in the first six months of the current fiscal.
The country received $10.49 billion from July to December against $10.24 billion for the same period of the previous fiscal.
Industry insiders said offshore earnings slightly dropped and trading in hundi, an illegal way of sending foreign earnings, went up after the Association of Bankers, Bangladesh and Bangladesh Foreign Exchange Dealers' Association fixed the exchange rate for remittance last year.
They said the popularity of hundi would not dry up unless the government stops the money laundering through over invoicing and under invoicing.
It is not possible to increase remittance as long as the demand for hundi is in place, they observed.
They said the government and central bank need to be stricter to help increase remittance.
-20240517110053.jpg)
