Bangladesh logs $1.9b in remittances in 1st 18 days of Nov

Bangladesh received US$1.9 billion in remittances in the first 18 days of November, according to updated Bangladesh Bank data released on Wednesday.

The inflow marks a 30.7% rise compared with the same period last year.

From July to November 15, remittances totaled over $12.05 billion, reflecting 15.9% growth year-on-year in the first four and a half months of FY 2025–26.

Central bank officials say the steady rise in expatriate income sent through formal banking channels has eased pressure on the country’s foreign exchange reserves.

They credit the improvement to government measures against illegal money transfers (hundi), incentive schemes and enhanced banking services.

If the current pace continues, officials project that November’s total remittance inflow could exceed $3 billion.

Bangladesh Bank data also shows consistently strong monthly performance.

In October, expatriates sent $256.34 million, slightly higher than the $239.50 million recorded a year earlier.

Earlier monthly figures were: July $247.78 million, August $242.19 million, and September $268.58 million.

Overall, the cumulative inflow so far reflects a 14.7% increase from the same period in FY 2024–25, when remittances stood at $10.17 billion.