Bangladesh has received a total of $2.13 billion in remittances during the first 22 days of November 2023, as per the latest figures released by the Bangladesh Bank. This massive inflow further strengthens the country’s foreign exchange reserves and highlights the growing importance of remittances to the national economy.
The influx of remittances in the current fiscal year (FY 2025-26) has now reached a total of $12.28 billion between July 1 and November 22, marking an impressive 14.7% increase compared to the $10.17 billion received during the same period last year. This rise demonstrates the resilience and continued trust of expatriates in Bangladesh’s financial systems.
On a daily average, the country received approximately $97 million in remittances over these 22 days. The flow of funds has been well distributed across various types of banks. Private commercial banks received the largest share, amounting to $1.48 billion, while state-owned banks received $424 million. Specialized banks and foreign banks saw remittance inflows of $218 million and $4 million, respectively.
This upward trend in remittances is not a one-time spike but part of a steady pattern. According to data from Bangladesh Bank, the inflows in recent months have been consistently strong: $2.48 billion in July, $2.42 billion in August, $2.68 billion in September, and $2.56 billion in October. These figures demonstrate that remittance flows into Bangladesh are not only resilient but also growing, helping to stabilise the country’s economy amid global uncertainties.
Table: Monthly Remittance Inflows (2023)
| Month | Remittance Inflow (USD) |
|---|---|
| July | $2.48 billion |
| August | $2.42 billion |
| September | $2.68 billion |
| October | $2.56 billion |
| November (First 22 Days) | $2.13 billion |
The continued growth in remittance inflows is seen as a crucial factor in supporting Bangladesh’s economic stability and development. The government has been taking various steps to encourage more remittance to flow through legal channels, offering incentives and improving the ease of remittance transfer. These efforts are expected to further boost the inflow in the coming months.