Bangladesh receives $1.53 billion remittance in 19 days of October

Bangladesh received $1.53 billion in remittances during the first 19 days of October 2024, according to the latest data from Bangladesh Bank. This marks an average inflow of $87 million per day.

In comparison, remittances in the same period of September totaled $1.47 billion, indicating a significant boost in October’s figures.

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Breaking down the sources, the remittances came from various banking channels:

State-owned banks contributed $400.8 million.

Specialized banks accounted for $78 million.

Private banks led the way, bringing in $1.0496 billion.

Foreign bank branches in Bangladesh facilitated $4.10 million in transfers.

Additionally, Bangladesh Bank reported that from October 13 to 19, expatriates sent $546.30 million, while $561.9 million was received between October 6 to 12, and $424.7 million in the first five days of the month.