In the first 21 days of December, Bangladesh received over $2 billion in remittances through legal channels, equivalent to more than 24,000 crore taka at the exchange rate of approximately Tk 120 per dollar. The average daily inflow stands at $95.2 million or Tk 1,142 crore.
This data was revealed in the latest report by Bangladesh Bank, published on Sunday (December 15). If the trend continues, December could see a record-breaking inflow of remittances.
According to central bank statistics, the $2.007 billion received during the first 21 days of December was distributed as follows:
$613.1 million through state-owned banks.
$77.3 million via a specialized bank.
$131.1 million through private banks.
$516 million via foreign banks.
In the first five months of the current 2024-25 fiscal year (July to November), total remittances reached $11.37 billion.
July: $1.91 billion
August: $2.22 billion
September: $2.47 billion
October: $2.40 billion
November: $2.20 billion
In the previous 2023-24 fiscal year, remittances totaled $23.92 billion, equivalent to over 2.82 lakh crore taka. This marked the second-highest remittance inflow in the country’s history, surpassed only by the record of $24.77 billion in the 2020-21 fiscal year.
The steady inflow highlights the significant contribution of expatriate Bangladeshis to the national economy, with hopes for continued growth in this vital sector.