The central bank report states that as of November 29, Bangladesh received $2.681 billion in remittances — an increase of $480 million compared to the same period last year.
Bangladesh Bank officials noted that this sharp rise in remittance inflows has brought much-needed relief to the country’s foreign exchange reserves. They attributed the positive trend to the government’s initiatives to curb hundi transactions, along with attractive incentives and improvements in banking services.
In October alone, Bangladesh received $2.5635 billion in remittances.
Saudi Arabia topped the list of remittance-sending countries, followed by the United Kingdom and the United Arab Emirates.
Officials expect the upward trend to continue as more expatriates are opting for formal banking channels and benefiting from government-provided incentives.
