Bangladesh received $1.553 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. 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. Source: United News of Bangladesh
