Remittance flows fell in July amid anti-discrimination protests. However, soon after the fall of the Sheikh Hasina government, the flow of remittances began to rise. Remittances came to a standstill in early August this year, but later it increased manifold. In the first 17 days of this month, 13 thousand 374 crores of remittances have arrived in the country.
Analyzing the updated data of Bangladesh Bank, it is known that in the first 17 days of August, the remittances received through legal channels amounted to 114 crore 42 lakh 20 thousand dollars. In Bangladeshi currency (as per dollar 118 taka) which amounts to more than Taka 13 thousand 374 crore.
At this time, 15 crore 29 lakh dollars came through the state-owned banks, about 3 crore 77 lakh dollars came through one of the two specialized banks (Krishi Bank). More than 94 crore 14 lakh dollars came through private banks and 21 lakh dollars came through foreign banks.
Expatriates had announced to send money in hundi expressing no confidence in the recently ousted Sheikh Hasina government. This suddenly reduces the speed of remittance. As a result, remittances were more than two billion dollars for three consecutive months, but suddenly fell below two billion dollars in July. However, the remittance flow has increased manifold in this month of August.