US top remittance source in Feb

US top remittance source in Feb

Bangladeshi expatriates in the United States (US) sent home the highest remittance amounting to US$491.26 million in February, according to Bangladesh Bank (BB) data.
Following the political changeover in August, remittance inflows from the US have seen a significant rise, enabling the US to surpass the United Arab Emirates (UAE), which had long been the leading source of expatriate income.
The UAE was in the second position with a total of $334.94 million in remittances sent to Bangladesh in the previous month.
The expatriates in the Kingdom of Saudi Arabia (KSA), the country which hosts most of the Bangladeshi migrant workers, sent around $328.84 million in remittances, putting the country in third place.