Expatriate Bangladeshis sent home $878.56 million in remittances during the first seven days of November. In Bangladeshi currency (at an exchange rate of BDT 124.32 per dollar), this amounts to approximately BDT 10,856 crore.
This information was updated by Bangladesh Bank on Sunday (November 8).
According to the central bank’s data, the remittance flow in the first seven days of this year increased by 22.7 percent compared to the same period last year. In the first seven days of November last year, the country received $647 million in remittances.
Meanwhile, from July 1 to November 7 of the current fiscal year, total remittances amounted to $1,234.40 million. During the same period of the previous fiscal year, it was $1,086.50 million. This indicates a 13.6 percent growth in remittance flow so far this fiscal year.
Bangladesh Bank’s figures show that in the first seven days of November, state-owned commercial banks facilitated $187.37 million in remittances. Specialized agricultural banks received $78.47 million.
Private banks, on the other hand, handled $611.01 million, while foreign banks operating in the country received $1.71 million.