Dhaka, Dec 22 (V7N) — In the first 21 days of December, Bangladesh received remittances worth $2.0723 billion, equivalent to over Tk 240 billion at the exchange rate of Tk 120 per dollar. This trend suggests the possibility of reaching a record-breaking $3 billion in remittance inflows by the end of the month.

The latest figures were revealed in a report published by the Bangladesh Bank on Sunday. The data highlights contributions from various banking sectors:

State-owned banks accounted for $613.1 million.

Specialized banks handled $77.3 million.

Private banks processed $1.311 billion.

Foreign banks facilitated $5.16 million.

Steady Growth in the Fiscal Year

In the current fiscal year 2024-25, monthly remittance inflows have remained strong:

July: $1.91377 billion

August: $2.22415 billion

September: $2.40479 billion

October: $2.404 billion

November: $2.202 billion

In the previous fiscal year (2023-24), remittances totalled $23.92 billion, equivalent to Tk 282,000 crore, marking the second-highest remittance inflow in the country’s history. The highest was recorded in the fiscal year 2020-21, with $24.77 billion.

Experts believe the robust remittance inflow reflects the resilience and contributions of Bangladeshi expatriates, particularly during the holiday season. If this momentum continues, December could set a new benchmark for monthly remittance inflows, boosting the nation’s foreign exchange reserves and supporting economic stability.

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