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Published on September 14, 2014
The remittance inflow in July also marked a 15.19 per cent rise over last June and 19.67 per cent over July last year, reports Bangladesh Sangbad Sangstha. Last year, remittance receipts stood at $13.83 billion, accounting for one-tenth of the country's gross domestic product, according to Bangladesh Bank statistics. Since August 2011, the country has received over a billion US dollar in remittance every month. As remittance is a significant source of income for the economy, and is the second largest source of dollars after exports, the government is committed to maintain better ties with the source countries. Worker migration to Bangladesh's regional markets, including Malaysia and South Korea, is on the rise.
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