October 2, 2023
DHAKA – Remittance earnings of Bangladesh continued to plunge for the third consecutive month with a 13 percent year-on-year drop in September.
Last month, migrant workers sent home $1.34 billion, down 12.7 percent year-on-year and a 41-month low since April of 2020, when $1.09 billion came in, according to data from the Bangladesh Bank.
The remittance earnings were $1.97 billion and $1.59 billion in last July and August respectively, the BB data showed.
In last June, the amount of remittance earnings hit $2.1 billion.