The New Nation - Internet Edition

A.T.M.Nurun Nabi

Bangladeshi expatriates working in different countries of the world remited a sum of US$ 406.39 million during the first 20 days of the current month of September, according to reports of Bangladesh Bank released on Wednesday. The inward remitance in September of the fiscal 2006-07 stood at US $446.00 million which is almost certain to be exceeded.

Bangladeshi expatriates remited 128.41 million dollars during the 3Q of September (16-20), 145.47 million dollars during the 2Q (9-13) and 132.51 million dollars during the 1Q (2-6), says the reports.

Bangladeshi expatriates remited 43.91 m$ during the 3Q through four nationalised commercial banks (NCB), 1.89m $ through two specialised banks, 79.98 m $ through 30 private commercial banks and 2.63 m $ through nine foreign commercial banks. Islami Bank Bangladesh Limited (IBBL) secured the top position in streamlining remitance with 27.01 m $ followed by Sonali Bank 23.11 m $, Agrani Bank 11.70 m $, Utara Bank Limited 8.67 m $, National Bank Limited (NBP) 7.59 m $, Pubali Bank Limited 7.17 m S and Janata bank 6.97 m $.

Out of 406.39 million dollars during the first 20 days of the month, remitance through four NCB amounts to 149.53 m $, 5.35 m $ through two specialised banks, 242.19 m $ through 30 private commercial banks and 9.32 m $ through nine foreign commercial banks.

Sonali Bank facilitated the highest remitance of 79.96 m $ followed by IBBL 77.83 m $, Agrani Bank 38.13 m $, Utara Bank 25.93 m $, Janata Bank 25.80 m $, NBL 25.11 m $, Pubali Bank 22.89 m S and BRAC Bank 16.68 m $. The inward remitance through Rupali Bank, the 4th NCB, is low because the transfer of the bank to the Saudi Price may take more time, as both the parties are yet to reach consensus on some issues. The bank fetched just 5.64 m $ during the first 20 days of September, which, however, is more than by any foreign nationalised bank and most of the private banks.

Bangladeshi expatriates remited a total of US $ 5978.47 million during the fiscal 2006-07 walking past the past They remited US $ 567.11 m $ in July compared with 412.80 m $ during the corresponding month of the last fiscal and 470.95 m $ in August compared with 471.22 M $ during the corresponding month of the last fiscal.