Remittance inflow rose to a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenback worth around $2.02 billion to their near and dear ones.

Expatriates sent home $2.02 billion last month, the highest since September last year when $1.53 billion flew into the country, data from the Bangladesh Bank showed.

The last month's receipts were nearly 29.3 percent higher than February's $1.56 billion and 8.5 percent higher from $1.85 billion recorded in March last year.

According to a central bank official, the national news agency that remittances usually go up before the holy Eid-ul-Fitr, which will be celebrated in this month.

The latest inflow of remittances would certainly help both the central bank and the government manage the macroeconomic situation, the official added.

BDST: 1040 HRS, APR 03, 2023
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