May's remittance inflow to Bangladesh increased by 32.35 percent

Remittances into Bangladesh increased significantly in May, up 32.35 percent over the same month the previous year, as migrants sent more money home in advance of the Eid-ul-Azha holiday. The Bangladesh Bank reports that remittance receipts in May were $2.25 billion, up from $1.7 billion in the same month the year before. The official statistics shows that money transfers from Bangladeshi expatriates overseas increased to $2.043 billion in April, a more than 21% increase from the same month the previous year, which fell around Eid-ul-Fitr.