Expatriates have sent more than $1 billion in remittances to Bangladesh during the first 10 days of November, marking a significant boost in income. According to recent data from Bangladesh Bank, a total of $1.109 billion flowed into the country between November 1st and 10th.

This is a sharp increase compared to the same period last year, when the figure stood at $820 million – reflecting a growth of 35.2% in expatriate income year-on-year.

On November 10th alone, remittances amounted to $135 million, further strengthening the average daily flow of income.

Since the start of the current fiscal year (FY26), which runs from July 2025 to November 10th, expatriates have remitted a total of $11.258 billion. This is an increase from the $9.758 billion sent during the same period in the previous fiscal year, indicating a growth rate of 15.4%.

Analysts attribute this rise in remittances to a combination of factors. These include increased incentives to send money through official banking channels, tighter controls on informal money transfer methods like hundi, and the expansion of employment opportunities in the Middle East, particularly in Saudi Arabia.

Bangladesh Bank has indicated that if this trend continues through the rest of November, remittance inflows could exceed $2 billion by the end of the month, further boosting the country’s foreign exchange reserves.