Expatriate Bangladeshis sent around US$ 1.63 billion remittances during the first 21 days of September in the fiscal 2024-25. Of this, remittances through state-owned and specialised banks accounted for $550 million, while private banks received $1.08 billion, according to a report released by the Bangladesh Bank on Sunday (Sep 22).
The central bank's data reveals that the average daily remittance inflow for September is $77.8 million. If this pace of remittance inflow continues, the total remittance for the month is expected to surpass $2.33 billion.
By 21 September this year, remittance inflows had already exceeded this figure. Bankers expect the remittance total to exceed $2.2 billion by the end of September.
