In the just-ended month of November, Bangladeshis sent about 2.2 billion (2.20 billion) US dollars in remittances through legal banking channels to the country. The amount in local currency is 26,394 billion taka (about 120 taka per dollar). On average, remittances to the country reached 73.3 million dollars every day.

This information was revealed from the updated report published by the central bank on Sunday (December 1).

As a single month, remittances increased by 12.25 percent in November this year compared to last year. Remittances came in at 1.93 billion dollars in November last year. The previous year, in November 2022, they came in at 1.60 billion dollars.

According to the central bank, in November, $824.2 million in remittances came through state-owned banks, $145.8 million through a specialized bank, $122.31 million through private banks, and $6.3 million through foreign banks.q

And in the first five months of the current 2024-25 fiscal year (July-November), $113.73 million in remittances came.

Expatriates did not send any remittances through 9 banks. The banks are the state-owned Bangladesh Development Bank or BDBL, the specialized Rajshahi Krishi Unnayan Bank or RABAK. Private banks include Community Bank, Citizens Bank, ICB Islamic Bank, and Padma Bank. And the foreign sector includes Habib Bank, National Bank of Pakistan, and State Bank of India.

In the first month of the 2024-25 fiscal year, remittances amounted to $191.377 million in July, $222.415 million in August, $240.479 million in September, $240.479 million in October, and $2.2 billion in November. This means that expatriates have sent more than $2 billion in remittances in the past five consecutive months of the fiscal year.