Ollars Crisis News Today

Remittance inflow to Bangladesh fell 5.86 percent year-on-year to $1.97 billion in July, central bank data showed today.

Bangladesh Budget 2023-24: Despite a surge in the outflow of migrant workers, remittances to Bangladesh declined 10.27 per cent year-on-year to $1.69 billion in May, an unpromising development that may deepen the volatility in the economy.

Remittance flow to Bangladesh rose to a five-month high in January as banks have given all-out efforts to mobilise dollars from abroad to tackle the stress in the foreign exchange market.