The country is seeing a sharp rise in remittances, as expatriates sending an average of $75 million daily in October, following the recent political transition.
The latest data from Bangladesh Bank reveals that a total of $1.94 billion in remittance has flown into the country by October 26, UNB reported.
According to the Bangladesh Bank, six state-owned banks received $547 million in remittance, while Bangladesh Krishi Bank received $99.99 million. The private sector accounted for the largest share, with 42 banks collectively receiving $1.296 billion, and six foreign banks processing $5.12 million from October 1 to 26.
However, nine banks reported zero remittance inflow during this period. These include state-owned Bangladesh Development Bank (BDBL) and specialized Rajshahi Krishi Unnayan Bank (RKUB), as well as private banks Community Bank, Citizens Bank, ICB Islamic Bank, and Padma Bank. Foreign banks, including Habib Bank, National Bank of Pakistan, and State Bank of India, also reported no remittance transactions.
bd-pratidin/GR
