In the first 20 days of this October, expatriates sent remittances to the country through legal channels and banking channels, 125 crore 70 thousand US dollars, which is 13 thousand 750 crore 77 lakh taka in Bangladeshi currency (as 110 taka per dollar).
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This information is known from the updated report of Bangladesh Bank on Sunday.
According to the report, daily remittances of 6.25 million US dollars are coming in October. During the same period of the previous year, five crore eight hundred and fifty two thousand US dollars came every day. According to this, the expatriate income increased in the month of October. Expatriate income has turned around this month after the lowest expatriate income in 44 months in September.
A review of the data showed that the amount of remittances that have come to the country on the 20th day of this month is 101.52 million dollars through state-owned banks, 4.15 million 30 thousand dollars through a specialized bank, and 1.1 million 31 million 10 thousand dollars through private banks. And 39 lakh 10 thousand US dollars came through foreign banks.
September of FY 2023-24 saw the lowest remittances in the last 3-and-a-half years. In the month under discussion, remittances came to 134 crore 36 lakh 60 thousand US dollars. In the first month of the fiscal year 2023-24, the remittances in July were 19731 million 50 thousand US dollars and in August the remittances were 159 million 94 million 50 thousand US dollars.
