Remittance into Bangladesh during the first 11 days of January 2025 stood at a whopping 736.61 million USD. That comes to a whopping 8,839 crore Taka, at a dollar to 120 Taka exchange rate, when converted to local currency. In other words, this means Bangladesh received 6.69 million USD on an everyday basis in this timeframe.
According to data released by the central bank, remittances were channeled as follows: 201.93 million USD used state-owned banks, a special bank received 24.85 million USD, 507.33 million USD were used private banks and 2.51 million USD were forward by foreign banks.
Taking another step back, remittances during the second half of 2024 amounted to 13.77 billion USD — significant growth from the same period of 2023 by 2.97 billion USD.
January 2025 remittance figures represent an increase from a year ago. The infusion of such funds is a lifeline for the country, propelling foreign exchange reserves and contributing to poverty alleviation.
Most this money comes from Bangladeshis abroad, especially from the UAE, Saudi Arabia, Qatar and the USA. Not only do they provide crucial support to families back home, but these remittances also play an integral role in Bangladesh’s economic stability.
Source: Rtv News
