Remittance inflow increases by 7pc in October

Expatriate Bangladeshis sent US$2.56 billion in remittances in October, which was around 7 per cent higher than the corresponding month of the previous year.

The wage earners sent $2.39 billion in remittances to the country in October of 2024.

According to BSS, industry insiders observed that Bangladesh has been witnessing a growing trend in remittance inflows since December of last year due to multiple factors.

The factors include a narrowing gap between official and informal exchange rates, a crackdown on money laundering, and a renewed sense of patriotism among expatriates following last year's political changeover, they mentioned.