Remittance flows from the US are declining. In the first two months of the current fiscal year (July and August), remittances from the world’s largest economy reached $372 million. Where $722 million dollars came in the same period of the last financial year. According to the data of Bangladesh Bank, the remittance flow from the country has decreased by 48.73 percent year on year.
According to central bank data, only $172 million in remittances from the United States came into the country in August this year, which is the lowest in three years on a single-month basis. The United States occupied the second place in the top list in terms of remittance flows for three consecutive years. But in July and August it dropped to fourth place.
Bangladesh Bank officials could not give any specific reason for the sudden drop in remittance flow from the United States. According to several officials of the central bank, there was a sudden increase in remittance flows from the US three years ago. No justification was found for the amount of remittances coming from the country. Now again there has been a big decline in remittance flow. There is no logical reason why it should suddenly drop below half.