Remittance rises 21% in April

Remittance inflow to Bangladesh witnessed a 21% year-on-year surge to $2.04 billion in April, driven by the Eid-ul-Fitr festival when expatriates send more money home. Higher exchange rates offered by some banks for US dollars also contributed to the rise. April’s receipts were 2.31% higher than March’s $1.99 billion, according to Bangladesh Bank data.