Remittance increased 2.5 percent year-on-year to $1.31 billion in December last year due to seasonal effect, according to data from the central bank.
The amount is an increase of 14.53 from the previous month.
The reason for the spike is that two major festivals fall in the month of December in Western countries.
The tourists also flock to these countries then, as a result of which expatriate Bangladeshis see a rise in their incomes, which they prefer to send them back home, said a central bank official said.
Remittance dropped 3.39 percent year-on-year in November and almost 18 percent in October.
Over the last six months, remittance flow stood at $7.49 billion, which is a decline of 0.66 percent year-on-year.
Bangladesh's manpower export rose 30 percent in 2015 but remittance inflow went up only 1.8 percent, according to the Refugee and Migratory Movements Research Unit.More than 5.42 lakh men and 92,000 women migrated to different countries until yesterday, while the numbers stood at about 4.25 lakh and 76,007 at the end of last year, the report said, citing statistics of the Bureau of Manpower, Employment and Training.
Daily Star
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