Expatriate Bangladeshis sent US$ 12,498.56 million remittances during the first eight months of the current fiscal 2019-20, which is apparently 20.06 per cent higher than the same period of the preceding year, according to a Bangladesh Bank (BB) data.

 The country received US$10,410.29 million remittances during July-February period in 2018-19 financial year, the data added.

 “The flow of remittances into the country shows upward trend in the current fiscal 2019-20 as the government has taken measures, including two per cent cash incentive, to streamline the legal channel for encouraging non-resident Bangladeshis (NRBs) to send money to the country,” central bank’s spokesperson M Serajul Islam told the news agency.

He said the recent flow of remittance indicates that it is gradually increasing and this trend is likely to continue in the upcoming months.

 According to the BB data, the country received $1,452.20 million in February, $1,638.43

million in January, $1,691.68 million in December, $1,1555.23 million in November, $1,641.67 million in October, $1,476.91

million in September, $1,444.75 million in August and $1,597.69 million in July of the fiscal 2019-20.

But in 2018-19, the country got $1,317.73 million in February, $1,597.21 million in January, $1,206.91 million in December, $1,180.44 million in November, $1,239.11 million in October, $1,139.66 million in September, $1,411.05 million in August and $1,318.18 million in July.