DHAKA, Nov 10, 2024 (BSS) - Expatriate Bangladeshis sent around US$ 655
million remittances during the first nine days of November in the fiscal
2024-25.

According to Bangladesh Bank (BB) data released today, private banks managed
the highest share, facilitating $421.94 million in remittances while
specialised banks contributed $31.56 million and foreign banks handled $1.75
million.

Its further breakdown shows that between November 3 and 9, a total of $612.58
million was remitted to Bangladesh while expatriates sent $42.41 million from
November 1-3.

The inflow, however, dropped significantly in July, the first month of the
current fiscal year, with remittances totalling nearly $1.91 billion- the
lowest in the past 10 months.

The trend began to stabilise with the formation of an interim government, and
remittances rebounded in August, reaching $2.2213 billion.

In September, remittance inflows reached a fiscal year high of $2.4048
billion, followed by a slight decline in October, which saw $2.3951 billion
in total remittances.