Remittance rises 32% in May

Remittance inflow to Bangladesh witnessed a 32.35% year-on-year increase to $2.25 billion in May 2024, compared to $1.7 billion in the same period last year. The May receipts were also 10.29% higher than April 2024. Industry experts attribute the surge to migrant workers sending more money ahead of the Eid-ul-Azha festival, as is typical before major religious festivals in Bangladesh.