In the first 26 days of October, remittance inflows amounted to $1.949 billion or Tk 23,392 crore, according to Bangladesh Bank data released on Sunday (Oct 27).

Daily remittance inflows averaged $7.497 million this October, compared to $8.016 million per day in September and $6.571 million in October last year. 

The data shows a slight decline in inflows compared to the previous month.

A breakdown reveals that $547.32 million arrived via state-owned commercial banks, $99.99 million through Bangladesh Krishi Bank, $1.296 billion through private banks, and $5.12 million via foreign banks.

Following record lows in March, Bangladesh saw a remittance boost from new initiatives and increased exchange rates, peaking in June with $2.538 billion—the second-highest monthly remittance figure to date.

Subsequent months reflected fluctuations; in July, inflows declined amid political turmoil. After a slight recovery in August, which saw $2.224 billion in remittances, September sustained the trend with $2.404 billion. However, by late October, remittance flow showed a minor dip.

BDST: 1854 HRS, OCT 27, 2024
MSK