Remittance flows to Bangladesh declined 13.15 per cent year-on-year in May as higher rates of US dollars in the informal markets are prompting many migrant workers to shun formal channels, creating additional pressure on the country’s already heated foreign exchange market.
The inflow stood at $1.88 billion last month compared to $2.17 billion in the same month a year ago, data released yesterday by the Bangladesh Bank showed.
For all latest…
