Bangladeshi expatriates have sent US $986 million in remittance in 12 days of October, showing an upward trend of inward remittance flow in the legal channel.
According to the latest update of the Bangladesh Bank (BB), the expatriates have sent $8.22 crore in the country in a day till Monday (October 14).
Bangladesh received a $425mn remittance in 5 days of Oct: BB
Analysing the central bank data shows that state-owned 6 bank received $ 245.57 million in remittance, specialized Bangladesh Krishi Bank received $44.45 million, 43 private commercial banks received $693.57 million and 5 foreign commercial banks received $2.64 million in remittance till Monday.
Forex reserves increase thanks to positive trend in remittance inflow: Bangladesh Bank
In the current fiscal year FY2024-25, the expatriates sent $1.91 billion remittance in July, $2.22 billion in August, and $ 2.4 billion in September.