Remittances Reach USD 2.68 Billion in 29 Days

Bangladesh received a substantial inflow of remittances during the first 29 days of November, amounting to USD 2.6811 billion, according to the latest update released by Bangladesh Bank on Sunday. This means the country received an average of USD 92.5 million per day from expatriate workers, reflecting a continued strong contribution from overseas Bangladeshis to the national economy.

The central bank’s data shows that remittances arrived through various categories of banks, with private commercial banks handling the majority of the inflow. The detailed distribution is presented below:

Bank Type Remittance Received (USD)
State-owned banks 516.94 million
Specialised banks 279.57 million
Private commercial banks 1,879.07 million
Foreign commercial banks 5.55 million
Total (First 29 days of Nov) 2,681.13 million

Bangladesh Bank also reported the weekly breakdown of remittances throughout November. Between 23 and 29 November, expatriates sent USD 546.14 million. During 16–22 November, the inflow stood at USD 612.27 million, followed by USD 768.48 million during 9–15 November. In the period from 2–8 November, remittances reached USD 711.07 million, while on the first day of the month alone, the country received USD 43.18 million.

The figures indicate that November’s remittance performance is set to be one of the strongest in recent months. In comparison, October and September saw total inflows of USD 2.56348 billion and USD 2.68588 billion respectively. Earlier, in August the country received USD 2.42189 billion, while July registered USD 2.478 billion.

Looking at the broader picture, the entire 2024–25 financial year brought in USD 30.32 billion in remittances — the highest ever recorded in a single fiscal year. This historic achievement highlights the crucial role that migrant workers continue to play in supporting Bangladesh’s foreign exchange reserves and overall economic stability.

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News Desk, Khaborwala

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