Bangladesh receives $655m in remittances in nine days of Nov

Bangladesh received a total of $655 million in remittances through legal channels during the first nine days of November.
The figure represents a daily average of $72.77 million as of November 9, according to data released by Bangladesh Bank (BB) on Sunday.
An analysis of the central bank's data shows that, of the total remittances, $199.75 million came through state-owned banks, $31.56 million through a specialised bank, $421.94 million through private banks, and $1.75 million through foreign banks.
During this period, ten banks did not receive any remittances. The banks include state-owned Bangladesh Development Bank (BDBL), specialised Rajshahi Krishi Unnayan Bank (RAKUB), and private banks such as Community Bank, Citizens Bank, ICB Islamic Bank, Padma Bank, and Shimanto Bank PLC.
Among foreign banks, no remittances were received through Bank Al-Falah, Habib Bank, and the State Bank of India.
Data from the central bank also indicates that the country received a total of $612.58 million in remittances over the six days from November 3 to November 9.
Bangladesh received nearly $986.63 million in remittances in 12 days of October. The country earlier received a total of $561.91 million in remittances over six days from October 7 to October 12, following $424.72 million during the previous six days from October 1 to October 6.
In the first month of the 2024-25 fiscal year (FY), July, Bangladesh received $1.91377 billion in remittances. This figure rose to $2.22415 billion in August.
In October, expatriate Bangladeshis sent home $2.39 billion, registering the same robust level of the previous month's (September) $2.4 billion, the BB data showed.
In the recently concluded FY 2023-24, Bangladesh recorded total remittances of $23.92 billion, equivalent to Tk2.82 trillion, marking the second-highest inflow in the country's history.
The highest record was set in the FY 2020-21, with remittances totalling $24.77 billion.

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