Expatriate earnings reached about $1.17 billion in 14 days
Published: September 17, 2024 | Bangla Version

According to the report by Bangladesh Bank, remittance inflows increased significantly in the first 14 days of September. Private banks received $816.94 million, state-owned banks received $297.27 million, and specialized and foreign banks received $52.98 million.

Compared to August, remittance inflows in the first 14 days of September have increased. In June, expatriates sent $2.542 billion, the highest in three years. Awareness has played a significant role in this increase, as expatriates are turning away from informal channels like hundi. It is expected that remittance inflows will exceed $2.5 billion this month.

In the first two weeks of September, there was a notable increase in remittance inflows into Bangladesh’s banking sector. State-owned banks received $297.27 million, specialised banks received $4.99 million, private banks received $816.94 million, and foreign banks received $30,000.

Bangladesh Bank reported that between September 8 and 14, the country received $582.66 million in remittances. Additionally, in the first week of September, expatriates sent $584.54 million.

After receiving $2.5386 billion in remittances in June, remittance inflows decreased to $1.91 billion in July, the lowest in the past 10 months. However, following the formation of the interim government, the situation improved, and in August, the highest remittance of $2.2213 billion was sent to the country.