In previous years, the expatriate income has been booming, but this time the opposite has happened. Remittance flow has decreased.

This information came out in the updated report of Bangladesh Bank on Monday (April 1).

About two billion (1.99 billion) dollars in remittances or expatriate income came in legitimate way in the recent March. In local currency (one dollar is equal to 110 taka), the amount is about 21 thousand 965 crore taka.

According to the data of Bangladesh Bank, expatriate income has decreased by 1.23 percent to 1.99 billion dollars compared to the same period of the previous year.

Normally, remittance flows increase on the occasion of Eid, but this year, expatriate income has decreased in March, the month before Eid. Those concerned are blaming the illegal channel or hundi as the reason.

According to Central Bank data, remittances received in March were 7.71 percent less than the previous month. Remittances came in at $2.16 billion in February.

According to the data of Bangladesh Bank, 199 crore 68 lakh 50 thousand dollars came through legitimate channels in March. Out of this, 26 crore 17 lakh 70 thousand dollars or 2 thousand 879 crore taka came through state-owned banks. Between the two specialized banks, more than 3 crore 52 lakh 7 thousand US dollars or 387 crore rupees came through Krishi Bank.

According to Bangladesh Bank, from March 23 to 29, remittances of 406 million 500 thousand US dollars have arrived in the country. From March 16 to 22, expatriates sent home 395.4 million 70 thousand US dollars. From March 9 to 15, remittances of 506 million 70 thousand US dollars have arrived in the country. Besides, 51 crore 29 lakh 10 thousand dollars came from 1 to 8 March.

And last February, 216.6 million US dollars remittances came to the country. Which is the highest in the current financial year.