$1.553bn remittance received in 19 days of Oct

NN Online:

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. Specialised banks accounted for $78 million, reports UNB.

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.