Dhaka, March 21 -- Bangladesh's remittance inflow has witnessed a remarkable surge in the first 19 days of March, increasing by 78.57% year-on-year to reach $2.25 billion.
This surge marks a significant boost compared to $1.26 billion during the same period last year, according to Bangladesh Bank spokesperson Arif Hossain Khan.
The sharp increase is attributed to expatriates sending more money to their families in observance of the holy month of Ramadan and in anticipation of the upcoming Eid-ul-Fitr celebrations.
Bankers have observed a marked rise in remittance activity as expatriates aim to support their loved ones during these significant religious and cultural events.
In the past, a considerable portion of remittances was transferr...