For all latest news, follow The Financial Express Google News channel.
Bangladesh received its highest monthly remittance inflow of the current fiscal year FY 2025-26, crossing US $2.88 billion November.
This substantial inflow translates to an average daily remittance of approximately $96.3 million. In the five month of the current fiscal year Bangladeshi expatriates sent $13.03 billion remittance while it was $11.7 billion in the previous fiscal year, UNB reports.
According to updated data released by the Bangladesh Bank on Monday, the remittance flow in November saw a significant increase of 31.37 percent compared to the previous month of October.
The total remittance figure for November stands at $2.88. Of this amount, state-owned banks received $587.76 million as remittance, specialized banks handled $298.95 million, and the largest share, around $2.0 billion, came through private banks. Foreign banks accounted for the remaining $5.94 million.
The central bank also provided a weekly breakdown, showing consistent high flow throughout the month, with the largest weekly amount of $768.48 million arriving between November 9 and 15, and the smallest being $43.18 million on November 1st.
The November figure significantly surpasses the inflows of the preceding months of the current fiscal year: October saw $2.56 billion, September recorded $2.68 billion, while August and July inflows were $2.42 billion and $2.47 billion, respectively.
This robust performance follows the record-breaking remittance year of FY2024-25, where expatriates sent $30.32 billion, marking the highest annual inflow in the country's history so far.