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Bangladesh receives Tk 16,000 crores in remittances in 15 days
In the first 15 days of February, expatriate Bangladeshis sent a total of 131 crore 23 lakh 30 thousand US dollars in remittances through legal channels, amounting to 16,000 crore Bangladeshi Taka (at an exchange rate of 123 Taka per dollar). This translates to a daily average of 8.74 million...
Country poised for record remittance inflow this year: Governor
Bangladesh is on track to set a record for inward remittances through legal channels this year, as expatriates regain trust in the banking system, said Bangladesh Bank Governor Dr Ahsan H Mansur, reports UNB. The governor made the remarks while addressing concerns over recent media reports...
Bangladesh receives $2.18b remittance in January
Bangladesh has seen remittance inflows exceed $2 billion for six straight months. In January 2025, the total remittance amounted to $2.18 billion, reflecting a 3.40% rise from $2.11 billion in January 2024, as per data from Bangladesh Bank. State-owned and specialised banks received $627...
Expats send $1.68bn in remittance over 25 days of Jan
Bangladesh received $1.68 billion in remittance through legal channels during the first 25 days of January, 2025. On average, expatriates sent $67.04 million per day during this period. According to the latest data from Bangladesh Bank (BB), the total remittance flow for January is likely to...
Building a skilled workforce is the core challenge
While global demand for skilled workers continues to rise, Bangladesh faces a significant challenge in developing and exporting skilled labor. Currently, half of the countrys workforce remains unemployed, and 30 percent lack the education and training needed to secure jobs. Over the past four...
Expats send $1.20 billion remittance in 18 days of January
Bangladesh has received over $1.20 billion ($1206.88 million) remittance in 18 days of January this year. According to the latest update of Bangladesh Bank (BB), expatriate Bangladeshis have sent this amount of remittance through banking channels between January 1 and 18. If this remittance...
United States overtakes UAE as leading source of expatriate remittances
The United States has surpassed the United Arab Emirates (UAE) in sending the most expatriate income, maintaining the top spot for three consecutive months. This marks a significant shift in global remittance trends, driven by a steady increase in U.S. expatriate remittances since political changes...
Expats send $73.66cr in remittances in 11 days of January
Expatriate Bangladeshis have sent $73.66 crore in remittances during the first 11 days of January, the first month of the new calendar. The daily average remittances to the country are $6.69 crore. According to the latest data received from the Bangladesh Bank on Saturday, Bangladesh received...
"I hear the cries of expatriates in every country I visit"
Dr. Shafiqur Rahman, Ameer (Chief) of Bangladesh Jamaat-e-Islami, highlighted the struggles and contributions of expatriate Bangladeshis during a gathering in Kuwait recently. Addressing the crowd at a Khaimah in Ardia Sanaiya, he said, The cries of expatriates resonate wherever I go. Their...
Forex market gets volatile again
The countrys economy has struggled with an inconsistent dollar rate for almost two years. Although the economy saw some stability in between, the price of the greenback is becoming volatile once again. After the government announced an increase in the currencys price, the kerb market became...
Overvaluation of taka threatens exports & remittances
Economists and business leaders have raised concerns that the overvaluation of the taka, compared to the currencies of Bangladeshs trade partners, may negatively impact the countrys key foreign exchange sourcesexports and remittances. While these sectors have contributed to foreign currency...
Bangladesh receives $22.67cr in remittances in 4 days of Jan
Expatriate Bangladeshis sent $22.67 crore in remittances during the first four days of January, the first month of the new calendar. The daily average remittances to the country are $5.66 crore. According to the latest data received from the Bangladesh Bank on Monday, Bangladesh received over...
Dollar price dearer despite record remittance inflows
Despite record remittance inflows, the price of the US dollar remains high. The value of the dollar is still over the top in the kerb market. The price has risen further over the past week. In some places in the kerb market, the exchange rate stands at Tk 129 per dollar. Although remittance...
Country receives record $2.64 billion in remittances in December
Expatriate Bangladeshis sent home a record US$2.64 billion as remittances in December, which was around 32 per cent higher than the corresponding month of the previous year, reports BSS. The wage earners sent around $2 billion remittance to the country in December, 2023. With the latest...
6 key drivers behind dollar price volatility in Bangladesh
Bangladeshs foreign exchange market faces significant volatility, driven by six critical factors identified by Bangladesh Bank. Spokesperson and Executive Director Husne Ara Shikha outlined these challenges on Monday, highlighting the year-end surge in dollar demand due to December loan repayment...
Country receives $2.4b remittance in 28 days
Expatriate Bangladeshis sent over US$2.4 billion in remittances during the first 28 days of December in the 2024-25 fiscal year. Of this, remittances through state-owned and specialized banks accounted for $782.27 million, while private banks received $1,631.36 million, according to Bangladesh...
Instability resurges in dollar market
Despite various efforts and an increase in remittance flows, the dollar market remains unstable. As the year ends, the value of the US dollar has surged once again, with the exchange rate reaching as high as 129 taka in the open market. Banks, struggling to meet excessive demand, are collecting...
Bangladesh receives $200cr remittance in 21 days of Dec
Bangladesh received $200.73 crore in remittances in the first 21 days of December through banking channels. The surge in remittances has been attributed to expatriates opting for legal channels, particularly following the political changeover in the country. According to the latest update...
Ensuring expats’ voting rights crucial as remittance inflow surges: Asif Nazrul
Expatriates Welfare and Overseas Employment Adviser Dr Asif Nazrul on Wednesday emphasised the importance of ensuring voting rights for expatriates, citing it as a critical step towards their greater inclusion in the nations democratic processes. Speaking at the International Migrants Day and...