Smart Economy


Remittance inflow to Bangladesh increases by 21%

 Published: 10:56, 4 December 2023

Remittance inflow to Bangladesh increases by 21%

Bangladeshi expatriates sent $1.93 billion remittances in November, which was around 21% higher than the corresponding month of the previous year.

The wage earners sent $1.6 billion remittance to the country in November of 2022.

With the latest addition, the year-on-year growth in receiving remittances stood at 0.24% for the first five months, July to November, of the ongoing fiscal year (FY24) as the country received $8.82 billion in total during the period. Last year, it was $8.79 billion.

A senior official of the central bank mentioned that the flow of remittances into the country shows upward trend as the government has taken measures to streamline the legal channel for encouraging non-resident Bangladeshis (NRBs) to send money to the country.