Remittance inflow reaches $1.51b in 14 days

Bangladesh's foreign exchange reserves rose to $36.308 billion as expatriate Bangladeshis sent $1.516 billion in remittances during the first 14 days of October.

According to the latest Bangladesh Bank data, remittance inflows during the period were 12.2% higher than the $1.351 billion received in the same period last year.

The country received $111 million in remittances on October 14 alone, reflecting a positive trend in expatriate earnings during the first two weeks of the month.

From the beginning of the current 2026-27 fiscal year until October 14, Bangladesh received a total of $10.108 billion in remittances, compared with $8.937 billion during the corresponding period of the previous fiscal year. This represents a year-on-year increase of 13.1%.

Bangladesh Bank data showed that the country's gross foreign exchange reserves stood at $36.308 billion as of Thursday (October 15).

However, reserves calculated under the International Monetary Fund's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), stood at $31.501 billion.

-MT