Bangladesh receives over $1.2b remittance in 18 days of January

Bangladesh has received over US$ 1.20 billion ($1206.88 million) in remittances in 18 days of January 2025.

According to the latest update from Bangladesh Bank, expatriate Bangladeshis have sent this amount of remittance through banking channels between January 1 and 18. If this remittance inflow continues, the volume of inward remittance will cross $2 billion in January.

In December 2024, expatriate Bangladeshis sent a record $2.64 billion in remittances through banking channels.

According to the central bank, from January 1-18, $258.87 million came to the country through government banks, $50.98 million through one of the two specialised banks (Agricultural Bank), $893.31 million through private banks, and $3.72 million through foreign banks.

Nine banks did not receive any remittance in the 18 days of January. These include Bangladesh Development Bank Ltd (BDBL), Rajshahi Krishi Unnayan Bank; private banks—Community Bank, ICB Islami Bank, and Padma Bank; and foreign banks—Habib Bank, National Bank of Pakistan, State Bank of India, and Woori Bank.