In the first 14 days of December, Bangladesh received remittances amounting to $1.381 billion through formal channels, equivalent to approximately Tk 16,576 crore (assuming an exchange rate of Tk 120 per dollar). This translates to an average daily inflow of $98.7 million or Tk 1,184 crore. According to the latest report published by the central bank on Sunday (December 15), if this trend continues, remittance inflows for December are expected to set a record, reaching $3 billion.
A closer look at the central bank’s data reveals that during these 14 days, state-owned banks facilitated $447.6 million, a specialized bank handled $69.4 million, private banks processed $860 million, and foreign banks channeled $3.88 million in remittances.
In the first five months of the current fiscal year (July–November 2024–25), expatriates sent a total of $11.373 billion in remittances. Monthly figures show $1.913 billion in July, $2.224 billion in August, $2.404 billion in September, $2.4 billion in October, and $2.2 billion in November.
In the previous fiscal year (2023–24), expatriates sent $23.92 billion, equivalent to Tk 2.82 lakh crore, making it the second-highest remittance figure in the country’s history. The highest remittance record was set in the 2020–21 fiscal year, with $24.77 billion in inflows.
With robust remittance growth and continued contributions from expatriates, Bangladesh’s foreign income is poised to make a significant impact on the economy, setting new milestones along the way.
