Call us today: +44 (0) 20 3551 6634
Money sent back home by Bangladeshi expatriates working abroad exceeded US$9 billion (£5.9 billion) in the first ten months of the current fiscal year, a report by the Financial Express has suggested.
Remittances from expat workers rose by 16 per cent over the same period of last the fiscal year and were estimated at $921.24 million in April, down by $35.25 million from the previous month due to fewer working days.
The paper quoted an official from the Bangladesh Bank who said the flow of remittances is at a satisfactory level.
"We expect the inflow of remittance to cross $11 billion by the end of the fiscal," he told the paper.
Bangladesh received just under $9.2 billion in remittance between July 2009 and April this year compared with almost $7.9 billion in the previous corresponding period, the paper said.
The release of the figures follows the Bangladeshi government’s announcement that incentives would be provided to encourage expatriates to send remittances home through official channels to help increase foreign exchange inflow.
Expatriate Healthcare specialise in providing international health insurance. Make sure you’re protected.
Expatriate Group.Delmon House,36-38 Church Road,Burgess Hill,West Sussex,RH15 9AE
Registered Address.35 Ballards Lane,London,N3 1XW
Tel: +44 (0)20 3551 6634Fax: +44 (0)870 428 5141Email: firstname.lastname@example.org
Short Term Healthcare Insurance
Travel Medical Insurance One Way Travel Insurance Single Trip Travel Insurance Annual Multi-Trip Travel Insurance Non UK Resident Travel Insurance Business Travel Insurance
About Us Useful Links Leave a Review Our Awards The Press Room Satisfaction Survey Downloads Legal Notice Underwriters Hospital List
Emergency Assistance information Short-Term Healthcare Working Abroad Insurance Thailand Health Insurance Family & Friend Benefits
Register as an Intermediary Opportunities for Brokers
Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.