DHAKA: Expatriate Bangladeshis sent around US$ 655 million in remittances during the first nine days of November in the fiscal year 2024-25. According to Bangladesh Sangbad Sangstha, data released by Bangladesh Bank today revealed that private banks managed the highest share, facilitating $421.94 million in remittances. Specialised banks contributed $31.56 million, and foreign banks handled $1.75 million.
The data further indicates that between November 3 and 9, a total of $612.58 million was remitted to Bangladesh, while expatriates sent $42.41 million from November 1 to 3. The remittance inflow had dropped significantly in July, the first month of the current fiscal year, with remittances totaling nearly $1.91 billion, marking the lowest in the past 10 months.
The trend began to stabilise with the formation of an interim government, and remittances rebounded in August, reaching $2.2213 billion. In September, remittance inflows reached a fiscal year high of $2.4048 billion, followed by a slight decline in
October, which saw $2.3951 billion in total remittances.