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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...
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...
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...
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...
Bangladesh receives $172.63cr remittances in 23 days of Nov
Bangladesh received a substantial $172 crore 63 lakh 50 thousand in remittances through legal channels during the first 23 days of November. The daily average reached over $7.50 crore as of November 23, according to data from the Bangladesh Bank (BB) on Sunday. The country received $172.27...
Expats send $655m remittances in 9 days of November
Bangladesh received remittances totalling $655 million in the first nine days of November. According to the latest report of the Bangladesh Bank, this amounts to an average daily inflow of around Tk 72.8 million in foreign remittances. The report revealed that the remittance inflow for the...
$1.53 billion in remittances in first 19 days of October
In the first 19 days of October, Bangladesh expatriates sent home remittances totaling $1.53 billion, equivalent to Tk 18,391 crores, according to the Bangladesh Bank (BB). The exchange rate used was Tk 120 per dollar. Bangladesh Bank (BB) revealed this information on expatriate income on...