Expatriates send $1.72b in remittances in first 19 days of April

The strong inflow of remittances has continued its dominating trend into April, with expatriates sending around $1.72 billion in the first 19 days of the month.

This follows a record-breaking $3.29 billion received in March, reports BSS.

Bangladesh Bank's latest update revealed that Bangladeshi expatriates have  sent around US$ 1.72 billion in inward remittance in 19 days of April.

In April last year, the expatriates sent $2.04 billion in remittances, while in the 19 days of April this year, they sent $1.72 billion in remittances.

Accordingly, Bangladesh received $90.45 million in remittances so far in each day of April.

The state-owned commercial banks received a total of $639.7 million, two specialised banks received $90.26 million, private banks received $985.42 million, and foreign banks received $3.35 million.

Among the banks, Sonali Bank PLC received the highest amount, $278.09 million; Islami Bank Bangladesh PLC received the second highest amount, $266.88 million; and Agrani Bank PLC received the third highest amount, $183.41 million, in 19 days of April.

The expertise sent $21.77 billion in remittances in the 9 months (July-March) of the current fiscal year, FY2024-25. On the other hand, remittances of $17.07 billion were received in the first 9 months of the previous FY2023-24.

MB