Dhaka, Sep 2 (SocialNews.XYZ) Bangladeshis living and working abroad remitted back more than $4 billion in the July-August period, the data from the Bangladesh Bank has shown.
Remittance, one of the key sources of foreign exchange for the nation, surged 39 per cent year-on-year to $2.22 billion in August, Xinhua news agency reported, citing the central bank's data.
It was $1.91 billion in July.
Bangladesh's remittance mainly comes from Middle East countries, such as the United Arab Emirates, Saudi Arabia and Kuwait.
The eventual spike, according to Dhaka Tribune, is a result of renewed vigour in the form of the new government which inspired expatriates to remit money back home.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz