In the first 15 days of March of the fiscal year 2024–25, remittances from Bangladeshis living abroad totaled more than $1.66 billion.

Remittance inflows could set a new standard if the current rate holds, according to a number of bank treasury heads.

Since the nation receives $110 million in remittances every day, it is anticipated that the sum of inward remittances in March would surpass $3.0 billion.

As this year’s Eid is expected to fall on March 31 or April 1, remittances have already surged in the first half of the month.

According to bdnews24.com, the decline in informal Hundi transactions following the change in government could also be a reason behind the stronger remittance inflow through banking channels this year.