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Bangladesh has recorded a strong rise in remittance inflows in November, with expatriates sending $2.135 billion during the first 22 days of the month, according to preliminary data from Bangladesh Bank. This marks a 24.5% increase compared to the same period last year, when remittances totaled $1.715 billion. At an exchange rate of 122 taka per dollar, the remittance amount equals approximately 260.47 billion taka. In just three days, from November 20 to 22, expatriates remitted $127 million. If the current pace continues, total remittances for November could reach around $3 billion. From July 1 to November 22 of the current fiscal year, Bangladesh received $12.284 billion in remittances, up from $10.653 billion during the same period last year. The central bank attributes the growth to improved transfer channels and incentives for sending money through formal banking systems.

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