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Expatriates send $986 million in remittance during first 12 days of October

Published : Monday, 14 October, 2024 at 10:59 PM

Shakib Ahmed

Bangladeshi expatriates have sent US $986 million in remittances within the first 12 days of October, marking an upward trend in the flow of remittances through legal channels.

According to the latest data from Bangladesh Bank (BB), expatriates sent $82.2 million in a single day as of Monday. A breakdown of the remittance distribution shows that six state-owned banks received $245.57 million, while the specialized Bangladesh Krishi Bank received $44.45 million.

Additionally, 43 private commercial banks collected $693.57 million, and five foreign commercial banks received $2.64 million in remittances during this period.

For the current fiscal year (FY2024-25), expatriates have contributed significantly to the country's foreign reserves, sending $1.91 billion in July, $2.22 billion in August, and $2.4 billion in September. The consistent remittance flow continues to play a vital role in supporting Bangladesh’s economy.

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Editor : Iqbal Sobhan Chowdhury

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